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Gregory Daco: U.S. ISM manufacturing index hits four-year high in May
Gregory Daco reports that the U.S. ISM manufacturing index climbed to its highest level in four years in May, with key components such as new orders and production showing notable expansion.
Despite these gains, Daco highlights that overall sentiment remains downbeat. The data show the ISM index at 54, new orders at 56.8, and production at 54.3, while employment remains below the expansion threshold at 48.6. Inflation eased to 82.1.
Daco has recently tracked other key U.S. economic indicators. He reported that the U.S. household debt delinquency rate held steady at 4.8% in the first quarter of 2026. Earlier coverage noted that longer-maturity U.S. Treasury yields approached near-decade highs. These reports complement the latest data on manufacturing activity.
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