AI Data Insight
In May 2026, the U.S. ISM Manufacturing New Export Orders Index rebounded from 47.9 in the previous month to 50.6, successfully breaking above the boom-or-bust line and returning to expansionary territory. Driven by strong new orders and pent-up domestic demand, the overall manufacturing PMI surged to a four-year high of 54.0. Although short-term growth momentum is secure, concerns over oil prices and inflation triggered by geopolitical conflicts remain a hidden worry for the overseas export outlook in the second half of the year.