Last updateThu, 09 Jul 2020 3pm

Manufacturing & The Economy

ISM: Manufacturing Index Reviving Very Slowly

Manufacturing contracted in May, as the PMI registered 43.1%, 1.6% higher than the April reading of 41.5%. “The PMI contracted strongly in April and May after dropping below 50% in March. The PMI recorded its second-lowest level since April 2009, when it registered 39.9%,” said Timothy R. Fiore, chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.

“The coronavirus pandemic impacted all manufacturing sectors for the third straight month. May appears to be a transition month, as many panelists and their suppliers returned to work late in the month. However, demand remains uncertain, likely impacting inventories, customer inventories, employment, imports and backlog of orders.”

VALVE Magazine Print & Digital


• Print magazine
Digital magazine
• VALVE eNews
Read the latest issue

*to qualified valve professionals in the U.S./Canada

Looking for a career in the Valve Industry?

ValveCareers Horiz

To learn more, visit the Valve Careers YouTube channel to watch the videos below or visit ValveCareers.com a special initiative of the Valve Manufacturers Association

  • Latest Post

  • Popular

  • Links

  • Events

New Products