The seasonally adjusted Milwaukee index rose to 43 in May from 39 in April, indicating the area economy improved in the month, according to the Institute for Supply Management — Milwaukee.

New orders rose to 47 from 41, production remained at 38, backlog grew to 32 from 31, and supplier lead times fell to 58 from 62.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.