US manufacturing growth rate eases in May
The Institute for Supply Management’s (ISM’s) purchasing managers index (PMI) today revealed the US manufacturing sector expanded for its 10th month in a row in May, albeit at a slower rate.
The index dropped to 59.7 points in May, slipping from 60.4 the month before. However, any reading above 50 indicates growth within the sector.
Norbert Ore, [...]
