The Institute for Supply Management’s monthly index, a closely watched measure of U.S. manufacturing activity, rose 9.5 percentage points in June to 52.6 from the May reading of 43.1, its largest jump in 40 years. Readings above 50 indicate expansion in manufacturing activity. More factories reported growth in orders and production, and the upward move in ... READ MORE >
manufacturing
The worst may be over for the manufacturing sector, but industry remains cautious
The RSM Manufacturing Outlook Index is reporting a remarkable rebound of sentiment in the U.S. manufacturing industry. But while the worst might be behind us, the index remains slightly negative at nearly 0.3 standard deviations below normal conditions, which suggests that a national recovery has yet to materialize. Moreover, damage to the manufacturing ... READ MORE >
Latest Empire State Manufacturing Survey shows a spike in optimism
Manufacturing firms in New York state were more optimistic in June that business conditions would be better in six months, according to the latest Empire State Manufacturing Survey from the Federal Reserve Bank of New York. The index for future business conditions rose between May and June by 27.4 points to 56.5, its highest level in more than a decade, ... READ MORE >
Latest ISM manufacturing data shows signs of stabilization
The Institute for Supply Management index, a closely watched measure of U.S. manufacturing activity, rose in May for the first time since January, hinting that activity is beginning to stabilize following huge market disruptions created by the COVID-19 pandemic. The index improved to 43.1 in May from an 11-year low of 41.5 in April. The upturn was ... READ MORE >
Manufacturing sector outlook less dire than last month, but still bleak
The RSM Manufacturing Outlook Index is now 4.2 standard deviations below normal conditions, an assessment of manufacturing conditions that is not as dire as last month, but dire nonetheless. Perhaps last month’s reading of about six standard deviations below normal was an indication from manufacturers that things couldn’t possibly get any worse. And ... READ MORE >
U.S. manufacturing sector hit hard by COVID-19, new RSM data shows
The recession in the U.S. manufacturing sector that began in the second half of 2019 has been sharply exacerbated by the COVID-19 pandemic, new proprietary data from RSM shows. Significantly more middle market manufacturers reported losses to U.S. revenue and greater disruptions to operations and their supply chains than the retail, technology and fintech ... READ MORE >
COVID-19 pandemic drives largest drop in U.S. factory production on record
Total industrial production in the United States fell 11.2% in April from a month earlier, according to numbers released Friday by the Federal Reserve. That decline is the largest monthly drop in the 101-year history of the industrial production index, reflecting the impact of the COVID-19 pandemic forcing many factories and businesses to a standstill ... READ MORE >
RSM Manufacturing Outlook Index shows six-standard-deviation hit
The RSM Manufacturing Outlook Index is now tracking at 6.3 standard deviations below normal conditions, surpassing levels seen during Global Financial Crisis of 2007-08 and even the global debacle of the July 1980 “double dip” recession. This reading strongly suggests that the Institute of Supply Management’s Purchasing Managers Index—a closely watched ... READ MORE >
Key manufacturing index indicates the industry contracted in March
A key gauge of U.S. factory activity dipped into contraction territory in March, new data released Wednesday shows. The Institute for Supply Management’s manufacturing index dipped to 49.1 in March, from 50.1 a month earlier, and above the consensus of 44.5. A reading below 50 indicates contraction in the manufacturing sector, which accounts for around ... READ MORE >
ISM manufacturing index declines in February
The Institute for Supply Management’s manufacturing index — a key gauge of U.S. factory activity — dropped to 50.1 in February from 50.9 a month earlier, falling slightly below economists' expectations. Sluggish global growth amid the spread of the coronavirus was a factor in that drop. Figures above 50 in the index indicate the manufacturing economy is ... READ MORE >