5 Manufacturing Stocks to Buy Despite Mixed PMI in May

The U.S. manufacturing sector is yet to recover fully from its prolonged contraction. The Institute of Supply Management (ISM) reported that the manufacturing purchasing managers’ index (PMI) came in at 48.7% in May compared with 49.2% in April. Any reading below 50% indicates a contraction in manufacturing activities.Notably, the ISM manufacturing PMI has been in contraction territory since October 2022 barring March this year. Surprisingly, S&P Global reported that flash U.S. Manufacturing PMI came in at ...