Transport Topics Online
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
6/2/2014 10:05:00 AM Write a Letter to the Editor Write a letter to the Editor

ISM May Factory Index at 55.4, Group Says in Second Correction


Daniel Acker/Bloomberg News

The Institute for Supply Management said its May manufacturing index improved to 55.4 from 54.9 a month earlier, the Tempe, Arizona-based group said in a second correction on the data.

Group survey Chairman Bradley Holcomb said earlier in telephone and Bloomberg Radio interviews that incorrect seasonal adjustments were applied to the May figures.

Holcomb had initially said the corrected reading was 56.0. The group first reported the gauge fell to 53.2 from 54.9 in April.

The median forecast in a Bloomberg News survey of 82 economists was 55.5, with estimates ranging from 54 to 57.

Manufacturing accounts for about 12% of the economy. The ISM’s factory gauge averaged 53.9 for 2013.

By Bloomberg News

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2014, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising




© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement