Survey: U.S. factories sink in May for third straight month

THE INSTITUTE for Supply Management's U.S. manufacturing Index declined for the third consecutive month in May. / AP FILE PHOTO/EVAN VUCCI
THE INSTITUTE for Supply Management's U.S. manufacturing Index declined for the third consecutive month in May. / AP FILE PHOTO/EVAN VUCCI
WASHINGTON (AP) – American factories slowed for the third consecutive month in May as they continued to sustain economic damage from the coronavirus pandemic. The Institute for Supply Management, an association of purchasing managers, said Monday that its manufacturing index came in at 43.1 last month after registering 41.5 in April. Anything below 50 signals…

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