The Housing Chronicles Blog: May Manufacturing Index rose 1.4 points to 58.7, but pricing pressure now increasing

Wednesday, June 6, 2018

May Manufacturing Index rose 1.4 points to 58.7, but pricing pressure now increasing

The May PMI® registered 58.7 percent, an increase of 1.4 percentage points from the April reading of 57.3 percent. Demand remains robust, but the nation's employment resources and supply chains continue to struggle. Respondents say price pressure at their companies is causing price-increase discussions.

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