Economy
June 3, 2014
ISM PMI Grows to 55.4 in May
Written by Sandy Williams
Manufacturing expanded for the 12th consecutive month in May according to the Manufacturing ISM Report on Business released by the Institute of Supply Management. The PMI registered 55.4 percent, an increase of 0.5 percent.
The new orders index grew 1.8 points to 56.9. The production index gained 5.3 points to a reading of 61.0 percent. Employment continued to grow for the eleventh month, although decreasing 1.9 percent from April to register 52.8 percent. The suppliers deliveries index fell two points to 53.2.
