NEXT UP-Balance of regional data hints at resurgent US ISM

Newswire

By Ros Krasny CHICAGO, May 29 (Reuters) - Mostly pleasant surprises in U.S. regional factory surveys for May suggest the national picture is improving also, reinforcing the view that the economy is ready to break out of recession by year-end. The Institute for Supply Management's national factory report for May is due on Monday at 10 a.m. EDT, and the purchasing managers index is forecast to rise to 42.5 from 40.1 in April. If the index rise turns out to be as forecast, it would be the ...

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