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News & Views

Provided by the Investment Professionals of Frost Investment Advisors | June 06 , 2022

Inflation and the Consumer both Showing Resilience

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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