ISM reports decent month for May manufacturing

The PMI, the ISM’s index to measure growth was up 1.3 percent compared to April at 52.8 (a PMI of 50 or greater represents growth), showing growth for the second straight month after five months of sequential declines, which had been in effect since October 2014. The current PMI is 2.1 percent below its 12-month average of 54.9.