US manufacturing PMI increases 0.5 percentage points in May

Tuesday, 01 June 2021 21:06:04 (GMT+3)   |   San Diego
       

Economic activity in the US manufacturing sector grew in May, with the overall economy recording a 12th consecutive month of growth, according to the latest Manufacturing ISM Report On Business.

The May Manufacturing PMI registered 61.2 percent, an increase of 0.5 percentage point from the April reading of 60.7 percent. This figure indicates expansion in the overall economy for the 12th month in a row after contraction in April 2020. Index breakdown:

Index May level April level
New Orders 67 64.3
Production 58.5 62.5
Backlog of Orders 70.6 68.2
Employment 50.9 55.1
Supplier Deliveries 78.8 75
Inventories 50.8 46.5
Prices 88 89.6
New Export Orders 55.4 54.9
Imports 54 52.2

Sixteen of 18 manufacturing industries reported growth in May, in the following order: furniture and related products; nonmetallic mineral products; plastics and rubber products; textile mills; primary metals; computer and electronic products; electrical equipment, appliances and components; fabricated metal products; food, beverage and tobacco products; machinery; chemical products; miscellaneous manufacturing; transportation equipment; wood products; paper products; and petroleum and coal products.

The only industry reporting contraction in May is printing and related support activities.


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