U.S. ISM manufacturing index drops below 50 for 7 consecutive months in May New orders drop sharply | Reuters

2023-06-01 13:54:00

The Institute for Supply Management (ISM) announced on May 1 that the manufacturing index fell to 46.9 in May from 47.1 in the previous month, falling below 50, the turning point for expansion and contraction, for the seventh consecutive month. . FILE PHOTO: The Boeing factory in Washington, U.S., March 2019. REUTERS/Lindsey Wasson

[ワシントン １日 ロイター] – The Institute for Supply Management (ISM) announced on May 1 that the manufacturing index fell to 46.9 in May from 47.1 in the previous month. rice field. New orders fell sharply, weighed down by rising interest rates. Employment, meanwhile, recovered to its highest level in nine months.

Economists polled by Archyde.com had forecast 47.0.

The seventh straight month below 50 was the longest since the Great Recession in 2008, supporting some expectations that the U.S. economy might slip into recession later this year.

Manufacturing accounts for 11.3% of the U.S. economy.

In terms of constituent indices, the new orders index, which is a leading index, fell to 42.6 from 45.7 in the previous month. The price index also fell to 44.2 from 53.2 in the previous month.

Meanwhile, employment rose to 51.4 from 50.2.

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