US ISM Manufacturing PMI

U.S. manufacturing held steady at weaker levels in September, but new orders improved and prices paid for inputs declined to a nine-month low, which together with falling interest rates bode well for a rebound in activity in the coming months. The Institute for Supply Management (ISM) said on Tuesday its manufacturing PMI was unchanged at 47.2 last month. A PMI reading below 50 indicates contraction in the manufacturing sector, which accounts for 10.3% of the economy. It was the sixth consecutive month that the PMI remained below the ...

The U.S. ISM manufacturing PMI edged up 0.4 pts to 47.2 in August. While that’s the first increase in five months, the gauge has held below the 50-mark (indicating shrinking activity) for most of the past two years. New orders fell again, down 2.8 pts to 44.6, the lowest level since May 2023. That, along with gauges for new export orders and backlog of orders, suggest that demand is slowing. This was also reflected in some of the comments: • “A noticeable slowdown in business activity. Staffing and production rationalization has been ...

The US ISM manufacturing index has risen to 47.2 in August from 46.8. It is a touch weaker than the 47.5 figure predicted with the disappointment concentrated in the new orders and production components. New orders slipped to 44.6 from 47.4 while production deteriorated to 44.8 from 45.9. Remember that anything below 50 is a contraction and the further below 50 the steeper the contraction. Additionally, there is a worrying narrowing of the pockets of strength. Just 22% of industry is experiencing rising orders and just 17% are seeing ...

U.S. factories remained in slowdown mode in August, fueling fears about where the economy is headed, according to separate manufacturing gauges. The Institute for Supply Management monthly survey of purchasing managers showed that just 47.2% reported expansion during the month, below the 50% breakeven point for activity. Though that was slightly above the 46.8% recorded for July, it was below the Dow Jones consensus call for 47.9%. “While still in contraction territory, U.S. manufacturing activity contracted slower compared to last ...

The U.S. is getting back into full swing today, after having a day off yesterday. The ISM Manufacturing PMI is expected to come out a bit higher than the previous one. Let's see.

Today’s US ISM manufacturing index for July was very soft. The headline balance dropped to 46.8 from 48.5 (consensus 48.8), meaning it has been below the break-even 50 level for 20 out of the past 21 months. Employment was very weak, plunging to 43.4 from 49.3, which is the worst outcome since the pandemic (June 2020) and sets us up for a potentially very disappointing non-farm payrolls number tomorrow. Meanwhile, new orders dropped to 47.4 from 49.3 with output dropping to 45.9 from 48.5. Anything below 50 is a contraction, so this ...