04262018Thu
Last updateThu, 26 Apr 2018 2pm

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Manufacturing & The Economy

ISM: Manufacturing Expanded Modestly in May

According to the Institute for Supply Management (ISM), manufacturing expanded in May as the PMI registered 54.9%, an increase of 0.1% from the April reading of 54.8%, indicating growth in manufacturing for the ninth consecutive month.

“Comments from the panel generally reflect stable to growing business conditions, with new orders, employment and inventories of raw materials all growing in May compared to April. The slowing of pricing pressure, especially in basic commodities, should have a positive impact on margins and buying policies as this moderation moves up the value chain." Said Timothy R. Fiore, chair of the ISM manufacturing business survey committee. 

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