Economy
June 1, 2018
ISM PMI Indicates Strong Demand in May
Written by Sandy Williams
Supply executives polled for the Manufacturing ISM Report on Business reported strong business conditions in May.
The PMI rose 1.4 points to 58.7 percent as new orders, production and employment continued to expand. Inventories are struggling to keep pace with demand. Longer supplier lead times and freight uncertainty is impacting inventory levels, said Timothy R. Fiore, chairman of the Institute for Supply Management Manufacturing Business Survey Committee. Customer inventories were considered too low for the 20th month.
