Wednesday, June 01, 2016

ISM Manufacturing Report on Business: May 2016

Today, the Institute for Supply Management released their latest Report on Business for the manufacturing sector indicating that manufacturing activity improved slightly in May staying just above the contraction level for a third straight month.

At 51.3 the purchasing manager’s composite index (PMI) increased 0.98% from April but fell 2.84% below the level seen a year earlier.