US Manufacturing PMI Stays Strong in June

13 Straight Months Above The 50 Percent Line for US Manufacturers

The ISM® Report On Business® for June reported a US PMI of 60.6 percent, down slightly from the May reading of 61.2 percent. Panelists from the survey reported that their companies and suppliers continue to struggle to meet increasing levels of demand. Record-long raw-material lead times, wide-scale shortages of critical basic materials, rising commodities prices and difficulties in transporting products are continuing to affect all segments of the US manufacturing economy.

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UK Manufacturing Leads the Pack

India’s PMI sees a steep drop as COVID-19 strikes the country hard

For the most part, manufacturing showed strength in May as the Eurozone and four additional countries were comfortably above the 60 percent PMI level. UK manufacturers set the pace as the country surged with a 4.7 percent PMI increase to reach a new high of 65.6 percent. On the other hand, India struggled with a COVID-19 resurgence and reversed the UK number and fell by 4.7 percent to a 50.8 percent PMI reading.

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Global PMI: Strong Numbers Continue

Manufacturing PMI numbers across the world pushed up in April with only the US and Germany showing a decline from March. Of course, Germany and the US were still above the 60 percent mark and notably both Italy and the UK also pushed into the 60th percentile as well. Despite issues from COVID-19, Indian manufacturing grew by one-tenth, while China showed a strong bump of 1.3 percent to reach 51.9 for April. All countries reported strong business optimism despite supply-chain issues and COVID-19 concerns in India.

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US Manufacturing Stays Strong in April

The latest Manufacturing ISM® Report On Business® issued by Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee reported a 60.7 percent PMI for April. That represented a decrease of four percentage points from the March reading of 64.7 percent.

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German Manufacturers Lead Global Rebound

Manufacturing across the world continued to surge in March as Germany, the U.S. and the Eurozone all registered PMI numbers above 60 percent. Demand is strong across the world but China slipped 0.3 percent from February to register a 50.6 PMI reading. India also saw a sharp drop off to 55.4 percent after previously pulling back slightly in February from a January reading of 57.7 percent.

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US Manufacturing PMI Jumps 3.9 Percent

The ISM® Report On Business® for U.S. manufacturing in March showed a big gain with a PMI reading of 64.7 percent, an increase of 3.9 percentage points from the February reading of 60.8 percent.  “Manufacturing performed well for the 10th straight month, with demand, consumption and inputs registering strong growth compared to February,” says Timothy R. Fiore, ISM® Manufacturing Business Survey Committee Chair. “Labor-market difficulties at panelists’ companies and their suppliers persist. End-user lead times (for refilling customers’ inventories) are extending due to very high demand and output restrictions as supply chains continue to recover from COVID-19 impacts.”

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US Manufacturing PMI Soars in February

U.S. manufacturing registered a PMI of 60.8 percent for February according to the latest ISM® Report On Business® to reach the highest figure since the start of the COVID-19 global pandemic.

“Manufacturing performed well for the ninth straight month, with demand, consumption and inputs registering strong growth compared to January,” says Timothy R. Fiore, Chair of the ISM® Manufacturing Business Survey Committee. “Labor-market difficulties at panelists’ companies and their suppliers continued to restrict manufacturing-economy expansion and will remain the primary headwind to production growth until employment levels and factory operations can return to normal across the entire supply chain.”

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Italy and India Show Manufacturing Growth in January

Supply Chain Issues and Labor Shortages Present Challenges

Manufacturing in India showed strength with a reported 57.7 PMI from Markit Economics, which represented a fourth straight month of improvement. Italy had a second straight month of growth and a big uptick to a reported PMI of 55.1 percent after registering 52.8 in December. That represents Italy’s highest level since February 2018.

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