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ISM manufacturing

Economic Indicators
Aug 1, 2023
Bottom Line: ISM's survey-based index of manufacturing managers edged slightly higher in July but was still below expectations and firmly in contraction territory. On the plus side, manufacturers reported notably slower declines in new orders and production levels. But inventories...
Jul 3, 2023
Bottom Line: ISM's survey-based index of manufacturing managers fell in June, countering expectations for a small increase. On the plus side, manufacturers reported sharply lower input prices. New orders contracted slightly less than in the prior month, but production levels...
Jun 1, 2023
Bottom Line: ISM's survey-based index of manufacturing managers fell slightly in May. While firmly in contraction territory, there were signs of a potential bottoming in activity. New orders retreated to the lowest levels of this cycle, but production increased for...
May 1, 2023
Bottom Line: ISM's survey-based index of manufacturing managers rose a touch more than expected in April but remained below 50, suggesting continued contraction. Declines in new orders and production decelerated. Prices paid rose for the second time in the last...
Apr 3, 2023
Bottom Line: ISM's survey-based index of manufacturing managers fell more than expected in March as new orders contracted sharply, and employment dropped significantly. Nearly every key category remained at levels suggesting continued contraction as the headline index hits its lowest...
Mar 1, 2023
Bottom Line: ISM's survey-based index of manufacturing managers stayed below 50, edging only slightly higher, less than expected, as new order growth continued to slow, albeit at a slightly slower pace of decline. Production declined further in February, and inventories...
Feb 1, 2023
Bottom Line: ISM's survey-based index of manufacturing managers stayed below 50, demarcating contraction, for the third month as the drop in new orders accelerated lower. The new order index in January remained close to levels historically associated with recessions. Moreover,...
Jan 4, 2023
Bottom Line: ISM's survey-based index of manufacturing managers stayed below 50, demarcating expansion/contraction, as new orders fell even further. The new order index was close to level historically associated with recessions. Moreover, new orders less inventories, a leading indicator within...
Dec 1, 2022
Bottom Line: ISM's survey-based index of manufacturing managers dropped below 50, demarcating contraction, as new orders fell even further. As we've seen in many surveys, production growth was still modestly positive as manufacturers continued to work off order backlogs. However,...
Nov 1, 2022
Bottom Line: ISM's survey-based index of manufacturing managers held just above 50, the dividing line between growth and contraction. Production growth remained positive, accelerating just a touch, while new orders contracted at a slower pace in October. Overall, the report...
Oct 3, 2022
Bottom Line: ISM's survey-based index of manufacturing managers showed slightly positive growth as production rose. But new orders contracted sharply as inventories rose, suggesting weakness in the future. While supply shortages remain an issue for some sectors, many reported working...
Sep 1, 2022
Bottom Line: ISM's survey-based index of manufacturing managers still showed modestly positive growth as production rose and new order growth rebounded. Prices paid rose at the slowest pace since the early days of the pandemic. The difference between new orders...