Business Maverick: US Manufacturing Growth Unexpectedly Firms on Stronger Orders

The Institute for Supply Management’s gauge of factory activity increased to 56.1 last month from 55.4 in April, according to data released Wednesday. Readings above 50 indicate expansion. The figure exceeded most economists’ estimates in a Bloomberg survey, which had a median projection of 54.5.

“Employment levels, driven primarily by turnover and a smaller labor pool, remain the top issue affecting further output growth,” Fiore said. Fifteen manufacturing industries reported overall growth last month, led by apparel, printing and machinery. “Our order books are still strong. Material prices continue to rise, with energy and freight noted as the underlying influences on increased costs.” – Machinery

“Price increases haven’t let up. I thought 2022 was going to be better, but it hasn’t been. Shortages are still disrupting the supply chain.” – Plastics & Rubber

It's GLENCORE's cheap coal that has caused all our power plants to break, when is THE DAILY MAVERICK going to investigate the true state captures Glencore who thought the Guptas to steal

Where is the Daily Maverick now with regards to Glencore. Clearly they only report selectively. FOUND GUILTY OF STATE CAPTURE throughout the world but in South Africa they innocent. I wonder why

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Business Maverick: Biden says US will provide Ukraine advanced rocket systemsPresident Joe Biden said he’ll give Ukraine advanced rocket systems and other US weaponry to better hit targets in its war with Russia, ramping up military support as the conflict drags into its fourth month. I hope and pray that Putin can be stopped soon this is Total madness US should be working with the UN and others in trying to get the two parties to find a common ground. But they choose escalation
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