(CercleFinance.com) – Activity in the American manufacturing sector increased its contraction in May, while economists expected a slowdown, according to the monthly survey by the Institute for Supply Management (ISM) published this Monday.
The ISM manufacturing index stood at 48.7 last month, compared to 49.2 in April, while the consensus on average expected an index around 49.8.
The new orders sub-index remained in a contraction zone, at 45.4 in May compared to 49.1 in April, while that measuring production fell to 50.2 compared to 51.3 last month.
The paid prices sub-index fell to 42.4, from 45.4 in April, while that linked to employment increased to 51.1, against 48.6 the previous month.
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