U.S. Manufacturing Accelerates as Employment Rebounds

June 1, 2015 2:00 PM

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U.S. Manufacturing Accelerates as Employment Rebounds

The pace of U.S. manufacturing growth rose in May, rebounding off its slowest pace in almost two years as new orders and employment rebounded, according to an industry report released on Monday.

The Institute for Supply Management (ISM) said its index of national factory activity was 52.8 in May, up from April's reading of 51.5, which had tied with March's reading as the lowest since May 2013. The reading topped expectations of 52.0, according to a Reuters poll of economists.

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