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Business, Economy

“Manufacturers show faint signs of revival in May as economy slowly reopens, ISM finds”

“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…”

https://www.marketwatch.com/story/manufacturers-show-faint-signs-of-revival-in-may-as-economy-slowly-reopens-ism-finds-2020-06-01

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