Manufacturing PMI Highlights
- PMI Index falls to 50.2 in May, down from 51.2 in April;
- New orders fall slightly for the second straight month while manufacturing output increased for the 5th straight month and at a solid pace;
- Employment increased for the 3rd consecutive month as manufacturers prepared for new projects;
- Input costs rose during the month and firms passed on those costs by raising output price at their fastest rate since June 2011.