Monday, June 2, 2014

May manufacturing index

May manufacturing index shows a broad pullback across sub-components with no bad weather to blame. The declines erase gains made in April, which many economists had attributed to a bounce back from a wintry 1Q. The production subindex slips to 55.2, its lowest since February, while the employment subindex falls to 51.9 after rising to 54.7 in April. One of the only gainers was the price index, rising to 60 from 56.5, with 31% of respondents saying they're paying higher pries for supplies