AI Data Insight
The US ISM Manufacturing New Orders Index for May rose to 56.8, a significant jump from the previous 54.1, remaining firmly in expansion territory for the fifth consecutive month. Driven by AI infrastructure and supply chain reshoring, the overall Manufacturing PMI also surged to a four-year high of 54.0, reflecting highly resilient genuine market demand. However, persistently high raw material prices and geopolitical risks in the Middle East continue to add uncertainty to future corporate profits and the Federal Reserve's rate-cut path.