UPDATE 1-NEXT UP-Regional data hints at resurgent U.S. ISM

Newswire

(Updates ISM forecast, paragraph 2) 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 (1400 GMT), and that purchasing managers index is forecast to rise to 42.2 from 40.1 in April, according to ...

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