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Manufacturers show faint signs of revival in May as economy slowly reopens, ISM finds

June 1, 2020

The numbers: American manufacturers are still struggling mightily from coronavirus-related shutdowns and the damage to global trade, but they showed faint signs of revival in May as most states loosened restrictions and people began returning to work, a survey of executives found.

The Institute for Supply Management said its manufacturing index climbed to 43.1% last month from an 11-year low of 41.5% in April, suggesting the worst of the economic damage from the pandemic might be over.

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