United States: Manufacturing ISM picks up in May
June 1, 2015
In May, the ISM manufacturing index increased from April’s 51.5% to 52.8%. The result overshot market expectations of an increase to 51.8%. As a result, the index is a bit further above the 50.0% threshold that indicates expansion in the manufacturing sector.
New orders and employment registered the largest gains over the previous month in May. Inventories and supplier deliveries also increased. Production was the only component to tally a setback.
Author: Carl Kelly, Economist