Economic data released on Tuesday suggested that the economy is continuing to slow as the labor market loosened, price gains eased and manufacturing contracted in June and July. Indicators came in lower than expected, implying that while the economy has remained resilient, it has lost some ... READ MORE >
ISM manufacturing index
Manufacturing sector shrinks again in February amid falling demand
The manufacturing sector contracted for the third straight month as higher borrowing costs continued to affect demand. The Institute for Supply Management’s manufacturing index in February was 47.7, remaining below the long-term breakeven point of 48.7. An index above 48.7 indicates an ... READ MORE >
Manufacturing sector nears contraction
The manufacturing sector grew for the 30th month in a row but barely hovered above contraction in November, according to data released by the Institute for Supply Management on Thursday. The ISM’s overall index slowed to 49%, barely above the contraction threshold at 48.7%. It was the third straight ... READ MORE >
Job openings and manufacturing production grow more than expected
Job openings came in hotter than expected in September, suggesting that the imbalance in the labor market will take longer to resolve than originally anticipated. There were 1.9 job vacancies for each unemployed worker, near a record high, according to data from the Labor Department released ... READ MORE >
Manufacturing slows in September as economy edges closer to contraction
The Institute for Supply Management's purchasing managers' index for manufacturing activities dipped to 50.9 in September, its lowest level since May 2020, amid an economic slowdown in the United States as well as globally. Inflation and a tighter monetary policy by central banks have pushed the global ... READ MORE >
ISM manufacturing: Sentiment points to modest increase in growth
Manufacturing sentiment in August pointed toward a modest acceleration in growth inside the Institute for Supply Management's manufacturing survey, even as the headline number stayed flat at 52.8 compared to July. This data, which was released on Thursday, will almost certainly bolster calls for a ... READ MORE >
Manufacturing sector activity hits lowest level in two years
U.S. manufacturing sector activity continued to slow in July to its lowest level in two years as demand and prices cooled off, the Institute of Supply Management reported on Monday. The manufacturing purchasing managers’ index inched down to 52.8 from 53 the previous month, still indicating growth as ... READ MORE >
Manufacturing sector grew steadily in May
The manufacturing sector expanded at the slightly faster rate in May as demand remained strong, according to data from the Institute for Supply Management on Wednesday. The data will help alleviate some of the concern over an imminent recession as our recent RSM US Manufacturing Outlook Index dipped ... READ MORE >
Chart of the day: Manufacturing grew at a slower rate in April
Manufacturing grew at a slower rate in back-to-back months as labor shortages continued to hamper production while demand moderated from January's high. The Institute for Supply Management's manufacturing index registered 55.4%, the slowest growth rate since July 2020, and down from 57.1% in March. An ... READ MORE >
Chart of the day: Manufacturing slows amid surge in raw material prices
Manufacturing slowed down in March as input prices surged on the back of the Russian invasion of Ukraine. The headline manufacturing purchasing managers' index was down to 57.1% from 58.6% in February, the lowest since September 2020, the Institute for Supply Management reported on Friday. The index, ... READ MORE >