Manufacturing Index Fell in May but Remained Positive at 52.1%
Tempe, AZ, June 3, 2019-The May Purchasing Managers’ Index (PMI) registered 52.1%, a decrease of 0.7 percentage point from the April reading of 52.8%, according to the Manufacturing ISM Report On Business.
The New Orders Index registered 52.7%, an increase of 1 percentage point from the April reading of 51.7%.
The Production Index registered 51.3%, a 1-percentage point decrease compared to the April reading of 52.3%.
The Employment Index registered 53.7%, an increase of 1.3 percentage points from the April reading of 52.4%.
The Supplier Deliveries Index registered 52%, a 2.6-percentage point decrease from the April reading of 54.6%.
The Inventories Index registered 50.9%, a decrease of 2 percentage points from the April reading of 52.9%.
The Prices Index registered 53.2%, a 3.2-percentage point increase from the April reading of 50%.
Of the 18 manufacturing industries, 11 reported growth in May, in the following order: printing & related support activities; furniture & related products; plastics & rubber products; textile mills; miscellaneous manufacturing; electrical equipment, appliances & components; computer & electronic products; chemical products; food, beverage & tobacco products; nonmetallic mineral products; and machinery. The six industries reporting contraction in May-listed in order-are apparel, leather & allied products; primary metals; petroleum & coal products; wood products; paper products; and fabricated metal products.