ISM Manufacturing Index Unexpectedly Slips to 52.1% in May

Against consensus economist calls for a modest increase to 53.0%, the Institute for Supply Management showed Monday morning that its Manufacturing Index fell 0.7 percentage point from April’s 52.8% to 52.1% in May.  The monthly report on economic activity in the manufacturing sector is interpreted by readings over 50% signaling that more businesses are expanding […]