Electrical Marketing’s Key Economic Indicators

Purchasing managers and Conference Board see growth ahead and shipping is only down a little but rig counts continue to decline.

Purchasing managers remain optimistic. The May Purchasing Managers Index (PMI) registered 52.8%, an increase of 1.3 percentage points over the April reading of 51.5%, according to the Institute for Supply Management (ISM) Manufacturing Business Survey Committee percent. Any reading over 50% indicates the industrial purchasing environment is in growth mode.

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