Economic activity in the manufacturing sector contracted in May for the second consecutive month and the 18th time in the last 19 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The Manufacturing PMI® registered 48.7 percent in May, down 0.5 percentage point from the 49.2 percent recorded in April. The overall economy continued in expansion for the 49th month after one month of contraction in April 2020. (A ... (full story)

The activity in the United States manufacturing activity observed a slight monthly decline in May, with the Purchasing Managers' Index (PMI) going down from 49.2 to 48.7, the Institute for Supply Management (ISM) said in its report published on Monday. It is the 18th contraction in the past 19 months the sector registered. The New Orders Index landed at 45.4, dropping by 3.7 percentage points compared to April. The Production Index remained in the expansion territory but still decreased by 1.1 percentage points month-on-month. The Prices Index went down by 3.9 percentage points to 57.0. Meanwhile, the Employment ... (full story)