Keeping you up to date on the latest data releases.
- ISM Manufacturing
The Purchasing Managers’ Index (PMI) increased 0.3 percentage points to 55.7 in the month of August, 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. Three of the five components that constitute the PMI have increased since July. Furthermore, four out of the five components were above the growth threshold of 50 with inventories being the exception at 47.5 percentage points, which is an increase of 0.5 from the previous month. New orders saw the largest increase of 4.9 percentage points to 63.2, a smaller increase than the 6.4 percent rise that occurred from July to August. Production declined 2.6 percentage points to 62.4 percent, supplier deliveries increased 0.2 percentage points to 52.3 percent, and employment decreased 1.1 percentage points to 53.3 from July to August. The ISM Prices Index increased by 5.0 percentage points to 54.0 percent. Prices have decreased by 7.5 percentage points since February 2013’s high of 61.5 percent.