PMI Index drops below 60 points. While still comfortably above the 50-point mark indicating a growth environment, the Purchasing Managers Index published monthly by the Institute for Supply Management (ISM), Tempe, Ariz., dropped less than a point to 59.7 points in May.
“The manufacturing sector grew for the 10th consecutive month during May,” said Norbert Ore, chair of ISM's Manufacturing Business Survey Committee. “The rate of growth as indicated by the PMI is driven by conti
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