WASHINGTON (AP) — The Institute for Supply Management twice corrected its May manufacturing index on Monday to show that factories grew at a strong pace during the month. The original report said that manufacturers had expanded at a weaker pace.
The index, a widely followed gauge of factory activity, now reads 55.4, up from 53.2 in the initial report. Any reading above 50 indicates expansion.
Stay informed.Stay ahead.
Join Washington Examiner for unlimited access to the news, analysis, and commentary that matter most.
See Options
Already a member? Log in
Print subscriber? Click here to login/register your account
Digital subscriber? Click here to login/register your account.
