NEW YORK – The seasonally adjusted Milwaukee Index slipped to 65 in May from 66 in April, according to the Institute for Supply Management-Milwaukee.
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The index was 43 in May 2009.
New orders fell to 71 from 74, production fell to 74 from 76, backlog decreased to 67 from 69, and supplier lead times held at 24.
Blue collar employment slipped to 63 from 64, while white collar employment fell to 53 from 58. Inventory levels jumped to 64 from 55, while capital equipment purchases increased to 64 from 55.
The prices paid index dropped to 64 from 71, with three categories rising in price and 17 falling, while one was steady. Nineteen of the 21 are above 50, while 2 are under 50.
