Keeping you up to date on the latest data releases.
- ISM Manufacturing
The Purchasing Managers’ Index (PMI) increased 1.9 percentage points to 50.9 in the month of June, which indicates a general expansion in the manufacturing sector as the index is above the growth threshold of 50. The Index has slipped below 50 only twice since July 2009. All five components that constitute the PMI have increased since May. Furthermore, four out of the five components were above the growth threshold of 50 with employment being the exception at 48.7 percentage points, which is a decrease of 2.4 from the previous month. Production saw the largest increase of 4.8 percentage points to 53.4, a reversal of the 4.9 percent drop that occurred from April to May. New orders increased 3.1 percentage points to 51.9 percent, supplier deliveries increased 1.3 percentage points to 50.0 percent, and employment decreased 1.4 percentage points to 48.7 from May to June. Inventories increased 1.5 percentage points to 50.5 percent. The ISM Prices Index increased by 3.0 percentage points to 52.5 percent. Prices have decreased by 9 percentage points since February 2013’s high of 61.5 percent.