Manufacturing ISM in May Stronger Than Expected as New Orders Rise

The May ISM Manufacturing Index came in at 56.1% over the consensus 54.9% from 55.4% in April. Of note was the Prices Index falling to 68.2% from 82.4%. May marked the 24th consecutive month of expansion in the manufacturing sector. However, this May reading was the second lowest since September 2020. Price pressures mellowed, though still elevated. Prices Index dropped to 82.2% from 84.6%. The hope is improved supply chain conditions; the question is does the Ukraine Russian war not allow … Continue reading “Manufacturing ISM in May Stronger Than Expected as New Orders Rise”