Keeping you up to date on the latest data releases.
- ISM Manufacturing
The Purchasing Managers’ Index (PMI) increased 4.5 percentage points to 55.4 from 50.9 in the month of July. The PMI is at its highest level since June of 2011 and for the sixth month in 2013, sits above the growth threshold of 50. Four of the five components that constitute the PMI have increased since June. Furthermore, four out of the five components were above the growth threshold of 50 with inventories being the exception at 47.0 percent, a decrease of 3.5 percentage points from its previous month’s reading of 50.5 percent. For the second consecutive month, production saw the largest increase of 11.6 percentage points to 65.0 percent, its highest reading since May of 2004. New orders increased 6.4 percentage points to 58.3 percent, supplier deliveries increased 2.1 percentage points to 52.1 percent, and employment increased 5.7 percentage points to 54.4 percent from June to July. The ISM Prices Index decreased by 3.5 percentage points to 49.0 percent. Prices have decreased by 12.5 percentage points since February 2013’s high of 61.5 percent.