Woodworking Industry News

Woodworking Industry News

Furniture up, wood down in latest PMI report

TEMPE, Ariz. — Economic activity in the manufacturing sector expanded in May for the fifth consecutive month, say the nation's supply executives in the latest ISM Manufacturing PMI Report. Among the positive news, furniture and related products was one of the bright spots, while the wood products industry struggled. The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee.Here is a look at some of the categories surveyed and how furniture and wood products fare: