American factories are settling back into a solid pace of expansion after a post-election run-up that saw the Institute for Supply Management’s manufacturing gauge hit an almost three-year high, figures released on June 1 showed.
The Factory index little changed at 54.9 (est. 54.8) from 54.8 in April, however, ISM’s gauge of new orders increased to 59.5 from 57.5.
Highlights of the report include:
