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After correcting its original report due to a software programming error, the Institute for Supply Management released its Manufacturing Report on business for May. The May Purchasing Managers Index registered 55.4%, an increase of 0.5% from April's reading of 54.9%, indicating an expansion in manufacturing for the 12th consecutive month.

Clare Goldsberry

June 3, 2014

1 Min Read
Manufacturing heading in the right direction, according to ISM’s May report

After correcting its original report due to a software programming error, the Institute for Supply Management released its Manufacturing Report on business for May. The May Purchasing Managers Index registered 55.4%, an increase of 0.5% from April's reading of 54.9%, indicating an expansion in manufacturing for the 12th consecutive month.

The New Orders Index rose to 56.9%, an increase of 1.8% from the 55.1% in April, indicating growth in new orders for the 12th consecutive month. The Production Index jumped to 61.0, up 5.3% above the April reading of 55.7%. However, even with both the New Orders and the Production Indexes up, the Employment Index fell 1.9% from April's reading of 54.7% to 52.8%, showing a continued reluctance in hiring in manufacturing.

About the Author(s)

Clare Goldsberry

Until she retired in September 2021, Clare Goldsberry reported on the plastics industry for more than 30 years. In addition to the 10,000+ articles she has written, by her own estimation, she is the author of several books, including The Business of Injection Molding: How to succeed as a custom molder and Purchasing Injection Molds: A buyers guide. Goldsberry is a member of the Plastics Pioneers Association. She reflected on her long career in "Time to Say Good-Bye."

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