U.S. Manufacturing Index Inches up From 11-year Low
U.S. manufacturing activity improved in May after falling to its lowest level in 11 years. The Institute for Supply Management’s factory index, the PMI, increased 1.6 percent in May to 43.1 from a 41.5 reading the prior month. The industry is still in contraction – any number below 50 indicates activity is shrinking – but…