Manufacturing and Construction Slow Down More than Expected in the U.S.

Data from May

Date:

Autor: Funds Society, Miami

ISM fell from 49.2 in April to 48.7 in May

Regional surveys and the Chinese PMI had suggested a slightly different outcome, but the drop in orders and slowdown in production were more pronounced than expected, adds ING

“The only good news was the employment component, which rose above the 50 level, the highest level since March 2022, but with the slowdown in production and orders looking weak, there are doubts about its sustainability,” the bank's experts add