May 31, 2018 / 1:03 PM / 3 months ago

U.S. Upper Midwest factory gauge rebounds in May

May 31 (Reuters) - A gauge of factory activity in the U.S. Upper Midwest rose in May, led by jumps in new orders and production after falling the previous two months, according a private survey released on Thursday.

Marquette University and the Institute for Supply Management-Milwaukee said their seasonally adjusted index of manufacturing in the Milwaukee region climbed to 67.90 this month from 58.26 in April.

A reading above 50 indicates regional factory activity is expanding.

The survey’s component on new orders, a proxy of future activity, increased to 67.90 from 45.54 last month, while its production gauge improved to 71.06 from 59.14. (Reporting by Richard Leong in New York; Editing by Chizu Nomiyama and Jeffrey Benkoe)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below