PMI reaches 51.5 in May
A PMI over 50 signals expansion in the manufacturing sector.
The index value continued to improve and signals expansion now, too, after the April value which signalled further growth, Halpim said.
A month earlier, Halpim had put the April PMI at 58.9 points.
Among the PMI sub-indices, the new orders index fell from the previous month but remained over 50.
The production volume index also fell but stayed over the 50-point mark.
The employment index fell but continued to show expansion for the seventh month in a row.
Delivery times were longer than in April.
The gauge of purchased inventories rose, albeit at a slower pace than in April, and was over the 50-point mark.
The export and import indicies were both over the 50-point mark.