US: ISM Manufacturing PMI falls to 52.1 in May from 52.8 in April
|The Institue for Supply Management's (ISM) latest Manufacturing PMI came in at 52.1 in May following April's 52.8 reading and fell short of analysts' estimate of 53 to show an expansion in the manufacturing business activity at a slower pace than expected.
Key takeaways from the press release
- The New Orders Index registered 52.7%, an increase of 1 percentage point from the April reading of 51.7%.
- The Production Index registered 51.3%, a 1-percentage point decrease compared to the April reading of 52.3%.
- The Employment Index registered 53.7%, an increase of 1.3 percentage points from the April reading of 52.4 perce%.
- The Supplier Deliveries Index registered 52%, a 2.6-percentage point decrease from the April reading of 54.6%.
- The Inventories Index registered 50.9%, a decrease of 2 percentage points from the April reading of 52.9%.
- The Prices Index registered 53.2%, a 3.2-percentage point increase from the April reading of 50%.
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