Keeping you up to date on the latest data releases.
- ISM Manufacturing
The Purchasing Managers’ Index (PMI) increased 0.5 percentage points to 56.2 in September, 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. Four of the five components that constitute the PMI have increased since August. Furthermore, four out of the five components were above the growth threshold of 50—inventories being the exception at 50.0 percentage points—which is an increase of 2.5 from the previous month. New orders declined 2.7 percentage points to 60.5, production increased 0.2 percentage points to 62.6 percent, supplier deliveries increased 0.3 percentage points to 52.6 percent, and employment increased 2.1 percentage points to 55.4 from August to September. The ISM Prices Index increased by 2.5 percentage points to 56.5 percent. Prices have decreased by 5.0 percentage points since February 2013’s high of 61.5 percent.