An index value above 50 shows expansion in the manufacturing sector, while a value under 50 signals contraction.
Among the sub-indices that comprise the PMI, the new orders index rose “strongly” from April but was still under the 50-point mark.
The production volume index also climbed from the previous month but remained below the 50-point threshold.
The employment index rose, but still showed contraction for the sixth month in a row.
Delivery times were longer than in April.
Purchased inventories were down for the fourth month in a row after expanding for a period of 37 months.
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