Tag: manufacturing

June US Manufacturing Moves Back to Positive

The June ISM index showed US manufacturing sector activity improved further, in line with the regional and Markit data. Survey respondents in the ISM report noted a rebound in demand has kept factories busy. The headline PMI index improved to 52.6 from 43.1 in May, above expectations for an increase to 49.1 and indicating expansion. […]

US Manufacturing Contraction Slowed in May

The May ISM index Monday showed US manufacturing sector activity contracted further, but at a slower pace, in line with the regional and Markit data. Survey respondents in the ISM report noted while COVID-19 continues to weigh heavily on business activity, there were improvements seen in May due to some states reopening. As more states […]

Eyes Turn to Friday’s US May Data

The mid-month consumption, production and price reports for April released next week will be extremely weak, and as a result will likely be shrugged off by markets that are already numb from all the bad news. Instead, attention should be focused on next Friday’s release of the May Empire State manufacturing reading and the Michigan […]

Data Flash: US March Manufacturing ISM Ticks Down

Decline Follows Disappointing Regional Data, Markit Revised Lower Manufacturing sector activity contracted modestly in March according to the Institute of Supply Management, slightly better than the regional data leading up to it, but likely the first in a string of monthly declines. The headline PMI index fell to 49.1 from 50.1 in February, ahead of […]

Report Highlights Major Slowdowns in US Growth

In a recent report from IHS Markit, the Purchasing Managers’ Index (PMI) has revealed faltering US business activity and a slowdown in US private sector output growth in May. IHS Markit’s Flash US Composite PMI Output Index, which accounts for services and manufacturing data from IHS Markit’s PMI surveys, came in at 50.9 in May, […]