US ISM Manufacturing PMI Highest Since 2004


The Institute for Supply Management’s Manufacturing PMI in the US rose to 60.8 in September of 2017 from 58.8 in August, beating market expectations of 58. It is the highest reading since May of 2004, boosted by a rise in new orders, production and employment.

Increases were seen in new orders (+4.3 to 64.6); production (+1.2 to 62.2); employment (+0.4 to 60.3); backlogs of orders (+0.5 to 58); new export orders (+1.5 to 57) and customers' inventories (+1 to 42). Supplier deliveries also increased (+7.3 to 64.4) while inventories declined (-3 to 52.5) and price pressures intensified (+9.5 to 71.5). 

Of the 18 manufacturing industries, 17 reported growth in September, in the following order: Textile Mills; Machinery; Nonmetallic Mineral Products; Transportation Equipment; Plastics & Rubber Products; Paper Products; Wood Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Chemical Products; Fabricated Metal Products; Miscellaneous Manufacturing; Petroleum & Coal Products; Apparel, Leather & Allied Products; Printing & Related Support Activities; Electrical Equipment, Appliances & Components; and Primary Metals. One industry, Furniture & Related Products, reported contraction in September compared to August.

US ISM Manufacturing PMI Highest Since 2004


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
10/2/2017 2:19:06 PM