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ISM Manufacturing PMI (May 2019) 52.1.......>

US DATA
US DATA: ISM Manufacturing PMI (May 2019) 52.1
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- ISM MFG fell to 52.1 in May, below expectations (Bbg Con 53, MNI Median 52.9)
- Index declined 0.7pp in May from 52.8 in Apr - the lowest level since Oct 2016
- Order Backlogs led the decline (from 53.9 to 47.2), reaching a 31-month low...
- ...while Prices reveal an increase of 3.2pp to 53.2 from 50 in Apr
- Supplier Deliveries (-2.6pp) and Inventories (-2pp) are also drivers of the
index's decline...
- ...Exports (+1.5pp) and Employment (+1.3pp) helped prevent further contraction
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US ISM MFG INDEX 52.1 MAY VS 52.8 APR
US ISM MFG PRICES 53.2 MAY VS 50.0 APR
US ISM MFG EMPLOYMENT INDEX 53.7 MAY VS 52.4 APR
US ISM MFG NEW ORDERS 52.7 MAY VS 51.7 APR
US ISM MFG EXPORTS 51.0 MAY VS 49.5 APR
US ISM MFG IMPORTS 49.4 MAY VS 49.8 APR

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