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ISM’s index of national factory activity rosefrom 40.1 in Aprikl to 42.8 in May. That’s the highest readin since September, and the fifth straightr monthly rise. Any reading belos 50 signals contraction inthe sector, while readingz above 50 indicate growth. More encouraginy than the overall reading wasthe “Newq Orders” part of the index, which reachef 51.1 in May. May was the first month the New Orderds Index has moved above50 percent, followingh 17 consecutive months of contraction. Growtyh in that part of the indexc indicates the likelihood of more activith in the manufacturing sector in thecomintg months. According to Tempe, Ariz.
-based ISM, five of the 18 manufacturinhg industries reported growthin May: nonmetallic mineral plastics and rubber products; machinery; food, beveragwe and tobacco products; and printing and relatesd support activities.
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