Production output sees mild May decline, with slow growth, reports ISM

The report’s key metric, the PMI, fell 0.7% to 52.1 (a reading of 50 or higher indicates growth) in May, following a 2.5% decline from March to April, a 1.1% increase from February to March, and a 2.3% increase from December to January. While an uneven growth pattern remains intact, the index has seen growth for 33 consecutive months, with the over all economy now having grown for 121 consecutive months. The May PMI reading is 4.6% below the 12-month average of 56.7, with May representing the lowest reading during that span.
Source: logistics Mgmt