America has a muddled recovery in manufacturing

Data: Institute for Supply Management via FactSet; Chart: Courtenay Brown/AxiosThis is the chart that White House economic officials want you to see: A closely watched industry survey suggests a long U.S. manufacturing slump is giving way to a factory rebound.Why it matters: By this measure, the manufacturing recession is over. Activity across the sector expanded for a fifth straight month in May after spending much of the last two years in contraction territory.But it is happening alongside mis...