Axios
US · 2 hrs ago
America has a muddled recovery in manufacturing
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America has a muddled recovery in manufacturing
Data: Institute for Supply Management via FactSet; Chart: Courtenay Brown/Axios
This is the chart that White House economic officials want you to see: A closely watched industry survey suggests a long U.S. manufacturing slump is giving way to a factory rebound.
Why it matters: By this measure, the manufacturing recession is over. Activity across the sector expanded for a fifth straight month in May after spending much of the last two years in contraction territory.
But it is happening alongside
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