US ISM Manufacturing PMI at 16-Month High


The Institute for Supply Management’s Manufacturing PMI came in at 53.2 in June of 2016, up from 51.3 in May and well above market expectations of 51.4. It is the highest reading since February of 2015 as new orders growth accelerated and employment expanded for the first time since November.

The New Orders Index registered 57 percent, an increase of 1.3 percentage points from the May reading of 55.7 percent. 

The Production Index registered 54.7 percent, 2.1 percentage points higher than the May reading of 52.6 percent. 

The Employment Index registered 50.4 percent, an increase of 1.2 percentage points from the May reading of 49.2 percent. 

Inventories of raw materials registered 48.5 percent, an increase of 3.5 percentage points from the May reading of 45 percent. 

The Prices Index registered 60.5 percent, a decrease of 3 percentage points from the May reading of 63.5 percent, indicating higher raw materials prices for the fourth consecutive month. 

Of the 18 manufacturing industries, 13 are reporting growth in June in the following order: Printing & Related Support Activities; Textile Mills; Petroleum & Coal Products; Food, Beverage & Tobacco Products; Fabricated Metal Products; Apparel, Leather & Allied Products; Paper Products; Miscellaneous Manufacturing; Computer & Electronic Products; Chemical Products; Primary Metals; Machinery; and Nonmetallic Mineral Products. The three industries reporting contraction in June are: Electrical Equipment, Appliances & Components; Transportation Equipment; and Plastics & Rubber Products.

US ISM Manufacturing PMI at 16-Month High


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
7/1/2016 3:11:17 PM