The ISM Manufacturing Index fell to 52.7 points in July – down 0.8 points from June’s reading. The manufacturing sector is still growing as readings above 50 indicate expansion. Of the 18 component industries, 11 reported growth in July, unchanged from the previous month. Respondents noted that business conditions have changed little from last month,
Browsing: ISM manufacturing
The ISM Manufacturing Index rose to 53.5 points in June, tying the highest reading of the year. Index readings above 50 indicate expansion in the manufacturing economy. Of the 18 component industries, 11 reported growth, down from 14 in May. Some respondents noted that a downturn in oil and gas markets is impacting demand, while others noted that business is soft in Europe and declining in Asia.
The ISM manufacturing index rose to 52.8 points in May. Index readings above 50 indicate expansion in the manufacturing economy. Respondents noted that the economy is showing signs of improvement, as well as some easing of the West Coast port issues.