May ISM US Manufacturing Index 54.0 Vs. Expected 53.0, Previous 52.7

April Construction Spending Rises 0.4% Vs. Expected 0.3% Gain

S&P Global US Final Manufacturing PMI Revised Downwards in May, Still Above April Reading

The S&P Global US manufacturing index for May was revised downwards to 55.1 from the flash reading of 55.3, compared with expectations for no revision in a survey compiled by Bloomberg as of 7:30 am ET.The May index stands above the 54.5 reading in April, indicating expansion. This is the highest reading since May 2022.S&P global noted an increase in production and new orders. The growth of output was faster than new orders.

May S&P Global US Final Manufacturing PMI 55.1 Vs. Unrevised Expected 55.3, April 54.5