The manufacturing sector contracted for the fourth month in a row in March, according to new data released by the Institute for Supply Management on Monday. The pace of the decline accelerated as the impact of steep interest rate hikes continued to weigh on overall demand. It has become evident that ... READ MORE >
Manufacturing PMI
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 >
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 >
Chart of the day: Manufacturing grows as supply chains improve
The manufacturing sector expanded in February as the economy continued a strong rebound. The manufacturing purchasing managers’ index rose 1 percentage point to 58.6 in February, registering the 21st consecutive month of growth, the Institute for Supply Management reported on Tuesday. The sector has ... READ MORE >
Chart of the day: Manufacturing sector grows at a slower pace
The manufacturing sector continued to grow in December, but at a slightly lower rate compared to November, according to data released by the Institute for Supply Management on Tuesday. The data, taken before the full effect of the omicron variant was felt, pointed to the same big picture of healthy ... READ MORE >
Chart of the day: Manufacturing sector gained as price pressures eased
The manufacturing sector grew at a slightly higher pace in November than in October as demand for manufactured goods remained robust, according to a new survey of purchasing managers from the Institute for Supply Management on Wednesday. The top-line index registered at 61.1 on the month, up from 60.8 ... READ MORE >
Manufacturing in Canada at seven-month high
Canada’s manufacturing output hit a seven-month high in October as domestic and international demand remained strong despite persistent bottlenecks in the global supply chains. The IHS Markit Canada Manufacturing Purchasing Managers' Index rose to 57.7 on the month, up from 57.0 in September, marking ... READ MORE >
Chart of the day: U.S. manufacturing remained strong in October
The U.S. manufacturing sector continued to expand in October as growth remained positive despite supply chain constraints. The Purchasing Managers' Index inched down to 60.8 from 61.1 in September, but still posted the 17th straight month of expansion since April 2020, according to a report from ... READ MORE >
Strong demand boosted manufacturing growth as PMI reached a four-month high
The headline manufacturing Purchasing Managers’ Index increased by 1.2 percentage points in September, to 61.1%, continuing to indicate overall expansion of the manufacturing sector. The increase in the overall index, the 16th in a row dating to April 2020, was driven by upticks in prices paid and ... READ MORE >