TheManufacturing ISM Report On Businessis published monthly by theInstitute for Supply Management (ISM), the largest supply management organization in the world, as well as one of the most respected. Economic activity in the manufacturing sector grew in May, with the overall economy achieving a 24th
consecutive month of growth, say the nation’s supply executives in the May 2022Manufacturing ISM Report On Business.
Manufacturing grew in May, as the Manufacturing PMI registered 56.1 percent, 0.7 percentage point higher than the April reading of 55.4 percent. The Manufacturing PMI continued to indicate solid sector expansion and U.S. economic growth in May. Four of the five subindexes that directly factor into the Manufacturing PMI were in growth territory.
ISM’s New Orders Index registered 55.1 percent in May, an increase of 1.6 percentage points compared to the 53.5 percent reported in April. This indicates that new orders grew for the 24th consecutive month.
The Production Index registered 54.2 percent in May, 0.6 percentage point higher than the April reading of 53.6 percent, indicating growth for the 24th consecutive month.
ISM’s Employment Index registered 49.6 percent in May, 1.3 percentage points below the April reading of 50.9 percent. The index contracted after eight consecutive months of expansion. This is the lowest reading since November 2020, when the index registered 48.1 percent.
The delivery performance of suppliers to manufacturing organizations was slower in May, as the Supplier Deliveries Index registered 65.7 percent, 1.5 percentage points lower than the 67.2 percent reported in April.
The Inventories Index registered 55.9 percent in May, 4.3 percentage points higher than the 51.6 percent reported for April. Manufacturing inventories expanded at a faster rate compared to April.
ISM’s Backlog of Orders Index registered 58.7 percent in May, a 2.7-percentage point increase compared to the 56 percent reported in April, indicating order backlogs expanded for the 23rd straight month.
15個製造行業報告增長了我n May, in the following order: Apparel, Leather & Allied Products; Printing & Related Support Activities; Machinery; Nonmetallic Mineral Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Transportation Equipment; Paper Products; Petroleum & Coal Products; Plastics & Rubber Products; Fabricated Metal Products; Chemical Products; Miscellaneous Manufacturing; Primary Metals; and Electrical Equipment, Appliances & Components. The only industry reporting a decrease in May compared to April is Furniture & Related Products.