Keeping you up to date on the latest data releases.
- ISM Manufacturing
The ISM’s Manufacturing Purchasing Managers Index (PMI) remained basically flat from June to July, increasing just 0.1 points to an index level of 49.8. Slight gains were seen in both the new orders and production components, going from 47.8 to 48.0 and 51.0 to 51.3, respectively. The largest increase was seen in the inventories component, which went from 44.0 in June to 49.0 in July. This was mostly offset by a drop in the employment component, which fell to its lowest level since December 2009, going from 56.6 to 52.0. Additionally, there was a slight decline in the supplier deliveries component, which dropped from 48.9 to 48.7. The price index (which is not seasonally adjusted and does not enter into overall PMI) increased for the first time since February, going from 37.0 in June to 39.5 in July. This comes after two consecutive months of declines where this index fell 24.0 points from April to June.