Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM’s Manufacturing Purchasing Managers Index (PMI) edged down from a recent high of 60.4 in April to an index value of 59.7 in May. However, that slight retrenchment was largely due to a 3.8 point drop in the inventories index to 45.6. Notably, the employment index continued to improve in May, jumping up 1.3 points to an index value of 59.8, its highest level in six years. The other indexes comprising the overall PMI (new orders, production, and supplier deliveries) were little changed during the month, remaining solidly above the ISM’s diffusion index growth threshold of 50.