Manufacturing Index Points to Continuing Recovery

Posted by Expert Gadget Reviewer on Wednesday, 2 June 2010

The Institute for Supply Management's (ISM) May 2010 Report on Business provided more positive economic data, indicating that the manufacturing sector grew for the 10th consecutive month.

The ISM's Purchasing Manager's Index (PMI) a widely watched economic indicator, came in at 59.7 which was above the consensus estimate of 59.0, indicating that the manufacturing engine of the economy is still running strong.

The report sited strong positive comments from multiple industries. Click (HERE) to see the complete report.