Economic activity in the manufacturing sector grew in October, with the overall US economy notching a sixth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business® ISM reported a US manufacturing PMI of 59.3 percent, up 3.9 percentage points from the September reading of 55.4 percent and the highest since September 2018 (59.3 […]
Read MoreWhile Euro Area manufacturing had a strong performance in September with a PMI reading 53.7 percent, German manufacturers led the charge with a 4.2 percent increase over August to hit a IHS Markit/BME reported figure of 56.4 percent. That represented the best expansion in the sector since July 2018 while the new order growth figure […]
Read MoreUS manufacturers continue to lead the global trend for PMI growth as ISM® reported a PMI of 56 percent for August. While the Euro Area figure slipped from 57.8 to 57.1, Germany and Italy both saw improvement after entering growth territory the previous month.
Read MoreThe Institute for Supply Management® (ISM®) reported a July PMI of 54.2 percent for US manufacturers. That was up 1.6 percent from the June figure and was the highest point since March 2019.
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The Institute for Supply Management® reported a US PMI of 52.6 percent for June which represents the first month back to growth territory since the COVID-19 shutdowns. In fact, the figure eclipsed a strong pre-COVID January number of 50.9 and is the highest month for US manufacturing since April of 2019. The promising June performance […]
Read MoreWhile the Institute for Supply Management® reported a slight uptick to a 43.1 percent PMI for US manufacturers in May, Italy saw a strong rebound from an all-time low of 31.1 in April to 45.4 in May, which pushed the country above their six-month PMI moving average. In addition, China’s manufacturing index bumped up to […]
Read MoreThe Institute for Supply Management® reported a massive PMI index drop to 41.5 percent for April for US manufacturers. That follows 49.1 percent from March and certainly reflects the broad shutdown across the US.
Read MoreThe COVID-19 pandemic looks to have snuffed out an expansion that wanted to kick off at the start of the year as the Institute for Supply Management® reported a PMI of 49.1 percent for March. Based on the overall economy, the drop from 50.1 percent in February seems relatively modest. Comments from the ISM® report and panel reflect intense concerns about the future outlook as the world economy is heading into the unknown.
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