Welcome to the FIA News & Insights, a one-stop resource that includes insights from senior investment professionals on timely market events, their views on the economy and their respective markets. Find updates on the latest media information on Frost Investment Advisors, LLC and the most recent reprints, as well as, archival information for your reference.
Manufacturing Still Strong in the Face of Persistent Inflation
The Institute for Supply Management’s Manufacturing Index rose in May, with demand still relatively strong, but supply chain and pricing issues remain among the biggest concerns for industry leaders. New orders, new export orders and backlog of orders all rose, showing demand is holding up even with rising inflationary pressures. Business sentiment was optimistic regarding demand, with five positive growth comments from participants for every cautious comment. Still, not all industries reported growth, and overall results were mixed.
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