Manufacturing PMI USA
ISM Manufacturing PMI (US)
Manufacturing Expected to Improve Again, But Remain in Contraction
Starts Wednesday, July 1, 2020 at 14:00
Updated Wednesday, July 1, 2020
Manufacturing production was increasing in the US last year, as the ISM manufacturing PMI report tells us. September's report showed another really positive number. The final manufacturing PMI jumped higher in August as September's report showed, but October's report showed that this indicator had a slight cool-off in September, coming at 59.8 points down from 61.3 points in August. In October, it declined further to 57.7 points but in November, it bounced back again to 59.3 points. In December we saw a sharp reversal to 54.1 points and yet another jump in January to 56.6 points but March's report which was for February showed another decline to 54.2 points. The decline picked up pace and in May this indicator fell to 52.1 points and it fell further in June to 51.7 points. In July, ISM manufacturing was expected to increase slightly to 52.0 points, but it fell further to 51.2 points. In August, this indicator fell below 50 points, which means contraction, while in September it fell further to 47.8 points and markets panicked, sending the USD lower. In October, this indicator was expected to show an improvement to 49.0 points, but it increased to 48.3 points only, which still meant contraction. Last month, the manufacturing sector was expected to improve again, but it fell deeper into contraction at 48.1 points and yet again to 47.2 points in December. In January though, this indicator jumped to 50.9 points and in February came at 50.1 points, so it left contraction behind. It fell to 49.1 points in March, as factories started to close on coronavirus, but was is expected fall deep in contraction in April, although it beat expectations of 35 points, coming at 41.5 points and is expected to increase again to 49 points, but that still means contraction. Please follow us for live coverage of this event by experienced market analysts.
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About ISM Manufacturing PMI (US)
Developed by the Institute for Supply Management (ISM), the ISM Manufacturing PMI provides a look at the conditions facing the U.S. industrial sector. The metric is derived using a 0-100 scale. Basic interpretations include a value over 50 being viewed as positive toward the USD and under 50 negative.A top three global economic power, the United States relies greatly upon domestic manufacturing for economic output. With industrial production accounting for nearly 20% of aggregate GDP, the manufacture of goods is a big part of the U.S. economy. The ISM Manufacturing PMI offers an inside view of the ongoing progress of the manufacturing sector.