The U.S. manufacturing sector contracted in July, Manufacturing PMI® registered 46.8%, down 1.7 percentage points (pp) from the 48.5% recorded in June. Regarding the overall economy, this figure indicates that the economy continued in expansion for the 51st month after one month of contraction in April 2020. (A manufacturing PMI® above 42.5%, over a period of time, generally indicates an expansion of the overall economy.)
The Employment Index registered 43.4%, down 5.9 pp from June’s figure of 49.3%.
The Prices Index registered 52.9%, 0.8 pp higher compared to the reading of 52.1% in June.
The New Orders Index remained in contraction territory, registering 47.4%, 1.9 pp lower than the 49.3% recorded in June.
The New Exports Orders Index reading of 49% is 0.2 pp higher than the 48.8% registered in June.
The Inventories Index registered 44.5%, down 0.9 pp compared to June’s reading of 45.4%.
Read the ISM release.
