NAM Chief Economist comments on ISM Manufacturing Report.
Press Release Summary:
May 5, 2010 - According to ISM Manufacturing Report, PMI index rose to 60.5 in April, the highest level since June 2004. Improvement was broad-based across all manufacturing industries with increases in production, new orders, and employment. Export component of report remained at near 2-decade high last month, underscoring how exports continue to lead economic recovery. However, while most manufacturing sectors have moved into recovery, industries connected to housing have continued to struggle.
Original Press Release
NAM Chief Economist on ISM Manufacturing Report
Press release date: May 3, 2010