After a setback in April, activity in the manufacturing sector is again expanding:
|MANUFACTURING AT A GLANCE
|Customers’ Inventories||49.5||45.5||+4.0||Too Low||Slower||8|
|Backlog of Orders||55.0||57.0||-2.0||Growing||Slower||4|
|New Export Orders||57.5||59.5||-2.0||Growing||Slower||15|
Manufacturing ISM® Report On Business® data is seasonally adjusted for the New Orders, Production, Employment and Supplier Deliveries Indexes.
*Number of months moving in current direction.
Notable comments from respondents:
- “Business conditions are steady, and with competition increasing, it’s making negotiations even more intense to reduce costs.” (Machinery)
- “Business is booming, and getting direct employees is increasingly difficult.” (Fabricated Metal Products)
- “Difficult to find qualified labor for factory positions.” (Food, Beverage & Tobacco Products)
Read the full report at ISM May Report