FXStreet – The in the financial markets, much acclaimed economic index of U.S. purchasing managers in the Manufacturing sector grew in may more than expected. The Barometer climbed to 54.9 counter of 54.8 points in April.
The sub-components developed in comparison to the previous month rather mixed. Most noticeable is the decrease of purchase prices of the 8 points. New orders rose 2 points to 59.5 counter. The employment component rose 1.5 points to 57.1 counter. The index of production deteriorated by 1.5 points to 57.1 counter.
** FXStreet News Editorial, FXStreet**