Wednesday, July 1st21.8°C
25016

ISM corrects US factory index to show solid growth in May; orders and production jump.

WASHINGTON - The Institute for Supply Management has twice corrected its May manufacturing index to show that factories grew at a strong pace last month. The original report said that manufacturers had expanded at a weaker pace.

The ISM's manufacturing index for May now reads 55.4, up from 53.2 in the initial report. Any reading above 50 indicates expansion.

The corrected figures show that measures of production and orders rose, rather than fell. Production surged to 61 from 55.7 in April. Factories added jobs, according to a gauge of employment, but at a slower pace.

The Canadian Press


Read more Business News

25354


Recent Trending




Today's Market
S&P TSX14553.33+63.18
S&P CDNX671.49+4.40
DJIA17734.99+115.48
Nasdaq5019.96+33.09
S&P 5002075.92+12.81
CDN Dollar0.7972-0.0035
Gold1168.70-2.80
Oil58.80-1.30
Lumber289.00+0.70
Natural Gas2.783-0.049

 
Okanagan Companies
Pacific Safety0.16-0.01
Knighthawk0.010.00
QHR Technologies Inc1.52-0.01
Cantex0.04-0.01
Anavex Life Sciences0.4522+0.0022
Metalex Ventures0.075+0.010
Russel Metals22.73+0.05
Copper Mountain Mining1.16-0.01
Colorado Resources0.08-0.02
ReliaBrand Inc0.006-0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.015
Decisive Dividend Corporation2.50+0.42

 



25354

FEATURED Property
2149801240 Ambridgefeld Road
4 bedrooms 6 baths
$2,995,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_





26376


Member of BC Press Council


26916