Economy
June 1, 2016
ISM Manufacturing PMI Gains 0.5 Points in May
Written by Sandy Williams
Manufacturing grew for the third straight month according to supply executives surveyed in the ISM Manufacturing Report on Business.
The May PMI was 51.3, up 0.5 percent from April. Although the PMI didn’t have a large gain, the three month upward trend is good news since the PMI was in contraction (below 50) from October through February. Overall, says ISM, the economy has seen growth for 84 consecutive months.
