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ISM’s index of national factory activitu rosefrom 40.1 in April to 42.8 in May. That’xs the highest reading since September, and the fiftn straight monthly rise. Any reading below 50 signals contraction in the while readings above 50 indicate More encouraging than the overall readinyg wasthe “New part of the index, whichj reached 51.1 in May. May was the firs month the New Orders Indez has moved above50 percent, followint 17 consecutive months of Growth in that part of the index indicates the likelihoofd of more activity in the manufacturing sector in the cominfg months.
According to ISM, five of the 18 manufacturingg industries reported growthin May: nonmetallic minera products; plastics and rubber products; food, beverage and tobacco products; and printin and related support activities.
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