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.
Read more Business News
- Schools ready to welcome kidsCentral Okanagan - 11:55 am
- Teachers reach dealBC - 6:28 am
- Fire crews getting upper handPenticton / S. Okanagan - 11:33 am
- Upside down driver calls for helpWest Kelowna - 10:51 am
|QHR Technologies Inc||1.29||0.00|
|Anavex Life Sciences||0.25||0.00|
|Copper Mountain Mining||2.68||-0.02|
|Sunrise Resources Ltd||0.02||-0.005|
|Mission Ready Services||0.29||+0.025|
Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...
Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...
This week my wife wrote a blog for our charities website, I thought you may enjoy reading it here: I was planning to write about the incredible philanthropic Miss Angelina when, funnily enough, she ...