Manufacturing growth slows
June 1, 2012
Economic activity in the manufacturing sector expanded in May but at a slower rate than in April, but the growth in new orders continued to accelerate, according to the Institute for Supply Management. ISM’s composite index of manufacturing activity — known as the PMI — slipped 1.3 percentage points to 53.5% but remained positive for the 34th consecutive month. A reading above 50% generally indicates growth.
The production index dropped 5.4 points to 55.6%, but the new orders index rose 1.9 points to 60.1%.
Of the 18 manufacturing industries tracked by ISM, 13 reported growth in May, and one was flat. The four industries reporting contraction were plastics & rubber products; petroleum & coal products; food, beverage & tobacco products; and transportation equipment.
Click the link below to print a print-friendly page of the this analysis.Print Page
Use our chart creator to generate charts using the data that was used in this analysis.TruckGauge Chart Creator
This functionality is only available to Premium Members. Please upgrade your account to gain access to the data used in this analysis.Upgrade to a Premium Member