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Main Indicator: ISM Manufacturing Index
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 50.2 | 48.6 | 49.6 | N/A | ||
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For June
Prices: 91.5, pr. 87.0 (May), 84.5 (Apr), 83.5 (Mar), 75.5
(Feb)
The ISM Manufacturing Index posted a 50.2 in June, bringing the indicator into expansion territory after 4 months of readings below 50. Prices continued to accelerate, hitting 91.5, the highest measure since July 1979, as firms deal with higher input costs. Production and inventories improved, while the employment sub-index declined to 43.7. Whereas the UK and Euro-zone are experiencing contraction in their latest reports, it seems that manufacturing activity in the US may be bottoming out, though it too early to tell.
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Table of Past Data
| 10/1 | 11/1 | 12/3 | 1/2 | 2/1 | 3/3 | 4/1 | 5/1 | 6/2 | 7/1 | ||
| Actual | 52.0 | 50.9 | 50.8 | 47.7 | 50.7 | 48.3 | 48.6 | 48.6 | 49.6 | 50.2 | |
| Forecast | 52.8 | 51.7 | 50.5 | 50.7 | 47.7 | 48.0 | 47.5 | 48.0 | 48.6 | 48.6 | |
| Previous | 52.9 | 52.0 | 50.9 | 50.8 | 48.4 | 50.7 | 48.3 | 48.6 | 48.6 | 49.6 | |
| Revised From | N/A | N/A | N/A | N/A | 47.7 | N/A | N/A | N/A | N/A | N/A | |

Secondary Indicator: ISM Manufacturing Prices
Most Recent Release
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Actual | Forecast | Previous | Revised Form | |
| 91.5 | 87.1 | 87.0 | N/A | ||
| See in ISM Manufacturing Index for more information | |||||
Table of Past Data
| 10/1 | 11/1 | 12/3 | 1/2 | 2/1 | 3/3 | 4/1 | 5/1 | 6/2 | 7/1 | ||
| Actual | 59.0 | 63.0 | 67.5 | 68.0 | 76.0 | 75.5 | 83.5 | 84.5 | 87.0 | 91.5 | |
| Forecast | 62.0 | 63.0 | 65.5 | 65.0 | 68.0 | 73.0 | 75.1 | 83.5 | 85.0 | 87.1 | |
| Previous | 63.0 | 59.0 | 63.0 | 67.5 | 68.0 | 76.0 | 75.5 | 83.5 | 84.5 | 87.0 | |
| Revised From | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | |
Past Releases
ISM Manufacturing Index
|
Actual | Forecast | Previous | Revised Form | |
| 49.6 | 48.6 | 48.6 | N/A | ||
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For May
Prices: 87.0, pr. 84.5, 83.5 (Mar), 75.5
(Feb)
The ISM Prices Index registered 87 percent in May, indicating manufacturers are paying higher prices on average when compared to April. This is the highest reading for the index since it registered 88 percent in April 2004. While 78 percent of respondents reported paying higher prices and 4 percent reported paying lower prices, 18 percent of supply executives reported paying the same prices as the preceding month. A Prices Index above 47.4 percent, over time, is generally consistent with an increase in the Bureau of Labor Statistics (BLS) Index of Manufacturers Prices. |
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Actual | Forecast | Previous | Revised Form | |
| 87.0 | 85.0 | 84.5 | N/A | ||
| See in ISM Manufacturing Index for more information | |||||
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Actual | Forecast | Previous | Revised Form | |
| 48.6 | 48.0 | 48.6 | N/A | ||
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For April
Prices: 84.5, pr. 83.5 (Mar), 75.5
(Feb)
The Manufacturing sector matched March's figure of 48.6, the 3rd month in a row that activity has contracted. Despite that fact, the release helped the Dollar extend some of its earlier gains vs the Euro as the result came in better than expected. Prices continue to rise, as 84.5% of respondents said they saw higher prices for commodities and energy and their purchasing power declines as the Dollar continues to fall in value. From the Release:
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Actual | Forecast | Previous | Revised Form | |
| 84.5 | 83.5 | 83.5 | N/A | ||
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For April
Prices: 84.5, pr. 83.5 (Mar), 75.5
(Feb)
The Manufacturing sector matched March's figure of 48.6, the 3rd month in a row that activity has contracted. Despite that fact, the release helped the Dollar extend some of its earlier gains vs the Euro as the result came in better than expected. Prices continue to rise, as 84.5% of respondents said they saw higher prices for commodities and energy and their purchasing power declines as the Dollar continues to fall in value. From the Release:
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Actual | Forecast | Previous | Revised Form | |
| 48.6 | 47.5 | 48.3 | N/A | ||
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For March
Prices: 83.5, pr. 75.5
Though economic activity in the manufacturing sector failed to grow in March, the result from the ISM was better than expected. Economists had predicted a further fall of the index, but it managed to improve from February's result. The index was helped by an increase to the employment and deliveries, and backlog of orders sub gauges, though new orders and production declined. Prices surged, increasing 8 percentage points to 83.5. The Dollar continued its overnight rally following the news, especially against the Yen. |
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Actual | Forecast | Previous | Revised Form | |
| 83.5 | 75.1 | 75.5 | N/A | ||
| For March | |||||
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Actual | Forecast | Previous | Revised Form | |
| 48.3 | 48.0 | 50.7 | N/A | ||
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For February
Provided by Institute of Supply Management Manufacturing contracted in February as the PMI registered 48.3%. New Orders, employment, and inventories all contracted. Production showed growth. According to the Institue of Supply Management: A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting. The dollar has already slid into uncharted territories against the EUR, CAD and NZD. Although more reports will reiterate economic weakness and inflation, the market will now need to factor in whether the slowdown will be contained to the US or whether it will drag down its major economic partners. Australia and New Zealand have been a pocket of growth among the majors, and Japan is also showing some steam as well with recent releases. Europe, the UK, and Canada will be the economies in question. |
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Actual | Forecast | Previous | Revised Form | |
| 75.5 | 73.0 | 76.0 | N/A | ||
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For February
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Actual | Forecast | Previous | Revised Form | |
| 50.7 | 47.7 | 48.4 | 47.7 | ||
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For January
Production levels increased in January after contracting in December. The weak dollar boosted exports to help manufacturing. The production index rose from 48.6 to 55.2, while the exports index rose to 58.5 from 52.5. New Orders still contracted slightly with 49.5 though at a smaller magnitude than December's 46.9. The employment index reflected today's poor non-farm employment report, falling to 47.1 fro m 48.7. |
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Actual | Forecast | Previous | Revised Form | |
| 76.0 | 68.0 | 68.0 | N/A | ||
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For January Prices of all commodities but zinc increased in January. Manufacturers are pressured by record high commodity prices. All industries indexed, except for coal products, reported paying higher prices. |
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Actual | Forecast | Previous | Revised Form | |
| 47.7 | 50.7 | 50.8 | N/A | ||
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For December. Official Release from Institute of Supply Management New Orders: 45.7, pr. 52.6 (Nov) Production: 47.3, pr. 51.9 (Nov) Employment: 48.0, pr. 47.8 (Nov) Inventories: 45.5, pr. 46.9 (Nov) Prices: 68.0, pr. 67.5 (Nov) The ISM Manufacturing Index showed contraction for the first time in 10 months, measuring a 47.7 for December. Prices however continued to climb on the back of higher raw materials prices. The components New Orders and Production were the main factors in the lower reading, implying that there was slower demand. Industries close to the housing market appear to be struggling more than others, while exporters seem to be doing better. The Dollar reacted negatively to the news falling to 3 week lows vs the Japanese Yen, and falling 50 pips to the Euro in the 20 minutes following the announcement. |
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Actual | Forecast | Previous | Revised Form | |
| 68.0 | 65.0 | 67.5 | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 50.8 | 50.5 | 50.9 | N/A | ||
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For November Manufacturing sector activity expanded for the 10th straight months, with apparel, leather and allied products topping performance according to industry. New Orders remained strong, and Production picked up after a contracting in October. The Employment Index registered a contraction at 47.8 after several months of continual expansion. Inventories Index registered 46.9 in November, for the 16th straight month of liquidation. |
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Actual | Forecast | Previous | Revised Form | |
| 67.5 | 65.5 | 63.0 | N/A | ||
| Manufacturers are concerned about the increase in the prices they pay, due to higher energy costs. | |||||
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Actual | Forecast | Previous | Revised Form | |
| 50.9 | 51.7 | 52.0 | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 63.0 | 63.0 | 59.0 | N/A |
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Actual | Forecast | Previous | Revised Form | |
| 52.0 | 52.8 | 52.9 | N/A | ||
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For September, activity in the manufacturing sector continues to expand, although at a slower pace than August, and missing expectations. According to the Institute for Supply Management, 41.9 is the level above which PMI readings indicate expansion. September's PMI is the 8th straight month above this level. New Orders, eased to 53.4 from 55.3 in August. Production also declined to 54.6 from 56.1. The Employment index edged up to 51.6 from 51.3. Inventories dropped 3.8% from 45.4 to 41.6, marking September as the 14th straight month of stockpile liquidation. It is this year's lowest reading since January. |
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Actual | Forecast | Previous | Revised Form | |
| 59.0 | 62.0 | 63.0 | N/A | ||
| Although there were still more manufacturers who reported paying higher prices, the ratio has been steadily declining. In September 30% reported higher prices, compared to 33% in August, 38% in July, and 42% in June of 2007. On contrary, those who reported paying lower prices made up 12% of the respondents in September, compared to 7% in August, 8% in July, and 6% in June. | |||||
















