US manufacturing industry stabilizes after plunging to financial-crisis lows, ISM survey reveals
Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.The US manufacturing industry ended a four-month decline and began to stabilize in May, the Institute for Supply Management's latest survey showed Monday.
The organization's purchasing managers' index gained to 43.1 last month from 41.5, still deep in contraction territory but stabilizing off of its 11-year low. The index of new orders jumped to 31.8 from 27.1, and ISM's production metric leaped to 33.2 from 27.5.
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