Purchasing Managers Index Increased by 0.1% in May

Tempe, AZ, June 1, 2017-The May Purchasing Managers Index registered 54.9%, an increase of 0.1 percentage point from the April reading of 54.8%, according to the Manufacturing ISM Report On Business.

The New Orders Index registered 59.5%, an increase of 2 percentage points from the April reading of 57.5%.

The Production Index registered 57.1%, a 1.5 percentage points decrease compared to the April reading of 58.6%.

The Employment Index registered 53.5%, an increase of 1.5 percentage points from the April reading of 52%.

The Inventories Index registered 51.5%, an increase of 0.5 percentage point from the April reading of 51%.

The Prices Index registered 60.5% in May, a decrease of 8 percentage points from the April reading of 68.5%, indicating higher raw materials prices for the 15th consecutive month, but at a noticeably slower rate of increase in May compared with April.

Of the 18 manufacturing industries, 15 reported growth in May in the following order, Nonmetallic Mineral Products; Furniture & Related Products; Plastics & Rubber Products; Machinery; Primary Metals; Food, Beverage & Tobacco Products; Electrical Equipment, Appliances & Components; Paper Products; Miscellaneous Manufacturing; Computer & Electronic Products; Transportation Equipment; Chemical Products; Fabricated Metal Products; Petroleum & Coal Products; and Printing & Related Support Activities.

Two industries reported contraction in May compared to April Apparel, Leather & Allied Products; and Textile Mills.