US ISM Manufacturing PMI

The ISM Manufacturing Purchasing Managers Index (PMI) survey continued to reflect health in the U.S. manufacturing sector with a 53.3 topline reading in June 2026. This is the sixth consecutive expansionary reading for the survey’s topline metric and, although missing expectations, is down only moderately from May’s 54.0 result. A slowdown in the Production category’s expansionary trend and a dip in the Exports component in June were reflective of the June topline result’s slight moderation. The ISM Manufacturing PMI diffusion index ...

Gold is trading on the edge of $4,100 and not far from session highs after the latest data showed the U.S. manufacturing sector performing below expectations last month, while prices continued their recent moderation. The Institute for Supply Management (ISM) announced on Wednesday that its Manufacturing Purchasing Managers Index fell to 53.3 in June, after posting a reading of 54 in May, its highest reading since May of 2022. The headline number was lower than expected, as consensus forecasts looked for a hold at 54. “In June, U.S. ...

Higher energy prices continue to push headline inflation up. And we do not expect to see a meaningful reprieve in the food space either, especially following recent headlines about beef prices. Our forecast for core calls for a +0.3% m/m uptick in May, which would nudge the year-over-year pace to 2.9% – well below headline but moving in the wrong direction for the Fed. Higher jet fuel prices will continue to add to core services, while tight labor markets which keep a floor under wage growth are limiting core services disinflation. ...

American manufacturers grew in May for the fifth month in a row - the biggest winning streak in four years - but lingering anxiety about the Trump tariffs and a rise in inflation tied to the Iran war left business leaders anxious. A closely followed gauge of manufacturers rose to 54.0% in May from 52.7% in the prior month, the Institute for Supply Management said Monday. The index hit the highest level since May 2022. Any number above 50% indicates business is expanding, The news wasn't all good. The Iran conflict has raised oil ...

The ISM Manufacturing Index increased 0.3 points in March to 52.7, beating consensus expectations for a slight moderation to 52.3. The index started the year strong, solidly in expansion territory for three consecutive months now. However, the impact of the Iran war is showing up in manufacturers’ prices paid index, which surged 7.8 points to an extremely elevated 78.3, the highest reading since June 2022. The prices paid index over the past six months has averaged a cooler 63.8. The manufacturing sector is rebounding on inventory ...