The PMI was 48.1 percent in November. The chart below shows the Non-Manufacturing Composite. Sage Fixed Assets. The new orders sub-index scored a 61.5. The ISM Manufacturing PMI for the United States fell to 55.4 in September of 2020 from 56 in August, below market forecasts of 56.4. The ISM Manufacturing PMI for the US jumped to 60.7 in December of 2020 from 57.5 in November, well above forecasts of 56.6. U.S. ISM Manufacturing Index (December 2020) Sohaib Shahid, PhD, Senior Economist | 416-982-2556. Improvements were seen in new orders (67.9 vs 57.5), production (64.8 vs 60.8) and employment (51.5 vs 48.4). The Employment Index registered 53.2 percent, an increase of 3.6 percentage points from the September reading of 49.6 percent. July 2020 ISM and Markit Manufacturing Surveys Improve Written by Steven Hansen. Bureau of Labor Statistics, Producer Price Index Data (BLS-PPI). “Following 14 consecutive months of contraction, the Employment Index moved back into expansion territory. (Tempe, Arizona) — Economic activity in the manufacturing sector grew in October, with the overall economy notching a sixth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®. The jump in the ISM manufacturing index … The Production Index registered 63 percent, an increase of 2 percentage points compared to the September reading of 61 percent. The five industries reporting a decrease in employment in October are: Printing & Related Support Activities; Petroleum & Coal Products; Paper Products; Miscellaneous Manufacturing; and Electrical Equipment, Appliances & Components. The ISM said its purchasing managers index rose to 54.2 in July from 52.6 in June, with a reading above 50 indicating growth in manufacturing activity. Six industries reported no change in production levels in October. Subject: Content Request. The December ISM manufacturing index climbed to 60.7, higher than market expectations of 56.6. ISM Manufacturing index Increased to 52.6 in June. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. The industries reporting growth, as indicated in the Manufacturing ISM® Report On Business® monthly report, are listed in the order of most growth to least growth. ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. ET on Tuesday, September 1, 2020. We have only a single recession to gauge is behavior as a business cycle indicator. Finally, manufacturing PMI for November remained the same month over month at 56.7. Demand expanded, with the (1) New Orders Index growing at strong levels, supported by the New Export Orders Index expanding moderately, (2) Customers’ Inventories Index at its lowest figure since June 2010 (35.8 percent), a level considered a positive for future production, and the (3) Backlog of Orders Index expanding at a slightly faster rate compared to the prior three months. Accessed July 19, 2020. The ISM's forward-looking new orders sub-index surged to a reading of 67.9 last month, the highest reading since January 2004, from 60.2 in September. Comments from respondents were generally optimistic regarding the near-term outlook. That was the lowest level for the index since June 2009 when it registered at 46.3 percent. (AP Photo/Amr Alfiky, File) The composition of the Manufacturing Business Survey Committee is stratified according to the North American Industry Classification System (NAICS) and each of the following NAICS-based industry’s contribution to gross domestic product (GDP): Food, Beverage & Tobacco Products; Textile Mills; Apparel, Leather & Allied Products; Wood Products; Paper Products; Printing & Related Support Activities; Petroleum & Coal Products; Chemical Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Primary Metals; Fabricated Metal Products; Machinery; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Transportation Equipment; Furniture & Related Products; and Miscellaneous Manufacturing (products such as medical equipment and supplies, jewelry, sporting goods, toys and office supplies). 2014 earnings calendar featuring analyst's estimates, economic events, stock splits, and dividends dates - a complete guide to earnings season. July 2020 Manufacturing Index Summaries. The reading of 67.9 percent is the highest reading since January 2004 (70.6 percent). Cancel X. ISM hereby grants you a limited, revocable, nonsublicensable license to access and display on your individual device the ISM ROB Content (excluding any software code) solely for your personal, non-commercial use. (There was a 9.5-percentage point increase in June 2020, as activity picked up significantly after coronavirus-induced shutdowns.) “Backlogs expanded at slightly faster rates in October, indicating that new-order intakes were sufficient to fully offset production outputs and maintain an acceptable level of backlog. Purchasing managers' indexes (PMI) are economic indicators derived from monthly surveys of private sector companies.. June 2020 ISM and Markit Manufacturing Surveys Improve Written by Steven Hansen. Cloud-connected. 2020. Another gauge, the production index, showed 4.8 percentage point growth from June to July, coming in at 62.1, the highest reading of all the ISM gauges. Accessed June 19, 2020. “Manufacturing outlook has improved greatly in June, as business has resumed at nearly 100 percent. The New Orders Index improved to 67.6%, which is up 6.1 percentage points from the July tally of 61.5%. A Prices Index above 52.5 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) Producer Price Index for Intermediate Materials. ET on Tuesday, December 1, 2020. Four (Fabricated Metal Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; and Chemical Products) of the six big industry sectors’ backlogs expanded. ISM® then compiles the report for release on the first business day of the following month. Manufacturing grew in October, as the Manufacturing PMI® registered 59.3 percent, 3.9 percentage points higher than the September reading of 55.4 percent. A slowdown was seen in production (60.8 vs 63), new orders (65.1 vs 67.9) and inventories (51.2 vs 51.9) while employment contracted (48.4 vs 53.2). ET. • The ISM Manufacturing Index rose to 56.0 in August, beating the consensus expected 54.8. Consequently, the index was above the 50-threshold that separates expansion from contraction in the manufacturing sector. The 10 industries reporting growth in order backlogs in October, in the following order, are: Wood Products; Fabricated Metal Products; Electrical Equipment, Appliances & Components; Plastics & Rubber Products; Food, Beverage & Tobacco Products; Furniture & Related Products; Paper Products; Machinery; Computer & Electronic Products; and Chemical Products. “Manufacturing performed well for the third straight month, with demand, consumption and inputs registering growth indicative of a normal expansion cycle. However, panel sentiment remains optimistic, an improvement compared to November", Timothy R. Fiore, Chair of the ISM said. Price pressures intensified (62.8 vs 59.5). “May 2020 Manufacturing ISM Report on Business.” Accessed June 19, 2020. Inventories grew after three straight months of contraction. Wednesday, July 01, 2020. *Unless the New York Stock Exchange is … The year-to-date level is still 21 percent below last year due to the [COVID-19] shutdown, but sales are stronger than expected and forecast to stay strong through the first quarter of 2021.” (Transportation Equipment), “Increased production due to stores stocking up for the second wave of COVID-19.” (Food, Beverage & Tobacco Products), “Continue to see increases in customer demand. The IHS Markit US Manufacturing PMI was revised higher to 57.1 in December of 2020 from a preliminary of 56.5 and 56.7 in November. “The Manufacturing PMI® signaled a continued rebuilding of economic activity in October, with all five contributing subindexes in moderate to strong growth territory. Aug. 25, 2020 at 4:15 p.m. Panel sentiment was optimistic (two positive comments for every cautious comment), a slight decrease compared to September", Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee said. 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