The New Orders Index registered 55.7 percent, a decrease of 0.1 percentage point from the April reading of 55.8 percent.
The Production Index registered 52.6 percent, 1.6 percentage points lower than the April reading of 54.2 percent. The
Employment Index registered 49.2 percent, the same reading as in April.
Inventories of raw materials registered 45 percent, a decrease of 0.5 percentage point from the April reading of 45.5 percent.
The Prices Index registered 63.5 percent, an increase of 4.5 percentage points from the April reading of 59 percent, indicating higher raw materials prices for the third consecutive month.
Of the 18 manufacturing industries, 12 are reporting growth in May in the following order: Wood Products; Textile Mills; Printing & Related Support Activities; Fabricated Metal Products; Paper Products; Plastics & Rubber Products; Computer & Electronic Products; Miscellaneous Manufacturing; Electrical Equipment, Appliances & Components; Food, Beverage & Tobacco Products; Machinery; and Primary Metals. The six industries reporting contraction in May — listed in order — are: Apparel, Leather & Allied Products; Petroleum & Coal Products; Transportation Equipment; Nonmetallic Mineral Products; Chemical Products; and Furniture & Related Products.