US Factory Growth at 4-Month High: ISM


The Institute for Supply Management’s Manufacturing PMI in the US rose to 60.2 in June of 2018 from 58.7 in the previous month, beating market expectations of 58.4. The reading pointed to the strongest expansion in the manufacturing sector in four months as production and inventories rose faster while new orders and employment eased slightly.

Faster increases were seen in production (62.3 from 61.5), inventories (50.8 from 50.2), new export orders (56.3 from 55.6) and imports (59 from 54.1). Also, supllier deliveries slowed (68.2 from 62) and price pressures eased (76.8 from 79.5). On the other hand, new orders (63.5 from 63.7) and employment (56 from 56.3) rose slightly less. 

Of the 18 manufacturing industries, 17 reported growth in June, in the following order: Textile Mills; Wood Products; Nonmetallic Mineral Products; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Paper Products; Transportation Equipment; Furniture & Related Products; Machinery; Primary Metals; Miscellaneous Manufacturing; Chemical Products; Petroleum & Coal Products; and Plastics & Rubber Products. No industry reported a decrease in June compared to May.

US Factory Growth at 4-Month High: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
7/2/2018 2:19:26 PM