US ISM manufacturing index rose from 55.4 to 56.1 in May, above expectation of 54.5. Looking at some details, new orders rose 1.6 to 55.1. Production rose 0.6 to 50.9. But employment dropped -1.3 to 49.6, in contraction region. Prices dropped -2.4 to 82.2. ISM said: “The past relationship between the Manufacturing PMI and the […]
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