May 7, 2026
The Ivey PMI came in better than expected at 57.7, indicating purchasing activity expanded during the month…
… likely driven by inventory restocking, as purchasers look to offset supplier delivery times - which continue to slow versus last month…
… at the same time that prices continue to climb.
Employment also picked up for a second month straight…
… which should drive manufacturing numbers in the coming jobs print.
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