“Manufacturers show faint signs of revival in May as economy slowly reopens, ISM finds”
June 1, 2020
“ISM manufacturing index climbs to 43.1% in May from 41.5%…
The Institute for Supply Management said its manufacturing index climbed to 43.1% last month from an 11-year low of 41.5% in April, suggesting the worst of the economic damage from the pandemic might be over…
Still, manufacturers and the economy more broadly have a long way to go to return anything close to normal. Gross domestic product could contract in the second quarter by as much as 40%, some forecasters say, and a recovery is widely expected to take at least a few years…”