May 2023 Manufacturing ISM® Report On Business®
Manufacturing PMI® at 46.9% New Orders and Backlogs Contracting Production and Employment Growing Supplier Deliveries Faster Raw Materials Inventories Contracting; Customers’ Inventories Too High Prices Decreasing; Exports Unchanged; Imports Contracting (Tempe, Arizona) — Economic activity in the manufacturing sector contracted in May for the seventh consecutive month following a 28-month period of growth, say the …