May Milwaukee ISM index gains, but prices, tariffs remain concern

The seasonally adjusted Milwaukee Report on Business increased to 67.90 in May from 58.26 in April, the Institute for Supply Management-Milwaukee reported Thursday.

Respondents said while business has improved, issues arising from tariffs and price increases could dampen activity.

BB-060118MILWPMI

New orders received surged to 67.90 from 45.54, production jumped to 71.06 from 59.14, employment plunged to 58.08 from 76.78, supplier deliveries grew to 79.13 from 69.86, and backlog of orders soared to 66.67 from 44.44.

Inventory levels gained to 63.33 from 40.00, customers’ inventories rose to 41.67 from 33.33, prices slid to 90.00 from 95.00, exports increased to 54.55 from 50.00, and imports fell to 65.00 from 66.67.

The blue collar diffusion index fell to 61.3 from 62.4, while the white collar diffusion index slipped to 61.3 from 62.4.

For reprint and licensing requests for this article, click here.
Economic indicators Manufacturing industry
MORE FROM BOND BUYER