US Manufacturing Rebounds in May


The Institute for Supply Management index of national factory activity was 52.8 in May, accelerating from a 2-year low of 51.5 reported in March and April. While new orders and employment indexes improved, the production index decreased.

The New Orders Index registered 55.8 percent, an increase of 2.3 percentage points from the reading of 53.5 percent in April, indicating growth in new orders for the 30th consecutive month. 

The Production Index registered 54.5 percent, 1.5 percentage points below the April reading of 56 percent. 

The Employment Index registered 51.7 percent, 3.4 percentage points above the April reading of 48.3 percent, reflecting growing employment levels from April.

Inventories of raw materials registered 51.5 percent, an increase of 2 percentage points from the April reading of 49.5 percent.

The Prices Index registered 49.5 percent, 9 percentage points above the April reading of 40.5 percent, indicating lower raw materials prices for the seventh consecutive month. 

Of the 18 manufacturing industries, 14 are reporting growth in May in the following order: Apparel, Leather & Allied Products; Furniture & Related Products; Paper Products; Food, Beverage & Tobacco Products; Nonmetallic Mineral Products; Plastics & Rubber Products; Electrical Equipment, Appliances & Components; Primary Metals; Transportation Equipment; Printing & Related Support Activities; Fabricated Metal Products; Machinery; Miscellaneous Manufacturing; and Chemical Products. The two industries reporting contraction in May are: Textile Mills; and Computer & Electronic Products.

US Manufacturing Rebounds in May


ISM | anna@tradingeconomics.com
6/1/2015 3:22:38 PM