US ISM Manufacturing PMI Highest Since 2011


The Institute for Supply Management’s Manufacturing PMI in the US rose to 58.8 in August of 2017 from 56.3 in July, beating market expectations of 56.5. It is the highest reading since April of 2011, boosted by a rise in production, employment and inventories.

Growth accelerated for production (61 from 60.6); employment (59.9 from 55.2); inventoires (55.5 from 50) and backlogs of orders (57.5 from 55). Supplier deliveries (57.1 from 55.4) improved. On the other hand, a slowdown was seen for new orders (60.3 from 60.4) and new export orders (55.5 from 57.5) and customers' inventories shrank more (41 from 49). 

Of the 18 manufacturing industries, 15 reported growth in July in the following order: Plastics & Rubber Products; Electrical Equipment, Appliances & Components; Wood Products; Fabricated Metal Products; Machinery; Chemical Products; Paper Products; Food, Beverage & Tobacco Products; Printing & Related Support Activities; Computer & Electronic Products; Nonmetallic Mineral Products; Furniture & Related Products; Miscellaneous Manufacturing; Primary Metals; and Transportation Equipment. Three industries reported contraction in July compared to June: Apparel, Leather & Allied Products; Textile Mills; and Petroleum & Coal Product.

US ISM Manufacturing PMI Highest Since 2011


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
9/1/2017 2:19:57 PM