ISM Manufacturing PMI down to 56.3 in July

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Tuesday, Aug 01 2017

ISM Manufacturing PMI down to 56.3 in July

The July PMI® registered 56.3 percent, a decrease of 1.5 percentage points from the June reading of 57.8 percent. The New Orders Index registered 60.4 percent, a decrease of 3.1 percentage points from the June reading of 63.5 percent. The Production Index registered 60.6 percent, a 1.8 percentage point decrease compared to the June reading of 62.4 percent.

The Employment Index registered 55.2 percent, a decrease of 2 percentage points from the June reading of 57.2 percent. Comments from the panel generally reflect expanding business conditions, with new orders, production, employment, backlog and exports all growing in July compared to June, as well as supplier deliveries slowing (improving) and inventories unchanged during the period.

More in this category: « UK Manufacturing PMI rose more than expected Australian Building Approvals rose by 10.9% »

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