US Manufacturing Ticks Up

Photo: S. Howes, LLC, Silver Creek, NY

Photo: S. Howes, LLC, Silver Creek, NY

The Institute for Supply Management ‘s PMI Index rose 1.4 points to 58.7 in May indicating manufacturing expanded for the 109th month in a row.  Of the 18 manufacturing sectors reporting, 16 registered growth in May.  However, this report essentially pre-dates any impact from trade tariffs that went into effect at the end of the month.  See the full report here.

PMI June1

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