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US manufacturing expansion hits one-year mark amid supply backlogs

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AFP

Washington (AFP) – The US manufacturing sector hit the one-year mark in its recovery from the slump brought on by the Covid-19 pandemic, but factories struggled with snarled supply chains, an industry survey said Tuesday. The Institute for Supply Management (ISM) reported its manufacturing index in May rose to 61.2 percent from April, slightly more than expected and above the 50-percent mark indicating expansion for the 12th straight month. Manufacturers responding to the survey were broadly optimistic, but complained of issues getting inputs and employees — concerns shared by businesses acro…

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