US Factory Growth Lowest since 2016: ISM


The ISM Manufacturing PMI in the US fell to 54.2 in February of 2019 from 56.6 in January, below market expectations of 55.5. The reading pointed to the slowest growth in factory activity since November of 2016 as new orders, production and employment increased less.

Slower growth rates were seen in new orders (55.5 from 58.2), production (54.8 from 60.5), employment (52.3 from 55.5) and supplier deliveries (54.9 from 56.2). In contrast, the pace picked up for inventories (53.4 from 52.8), backlogs of orders (52.3 from 50.3) and new export orders (52.8 from 51.8) while price pressures decreased (49.4 from 49.6). 

Of the 18 manufacturing industries, 16 reported growth in February, in the following order: Printing & Related Support Activities; Textile Mills; Computer & Electronic Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; Paper Products; Wood Products; Primary Metals; Chemical Products; Food, Beverage & Tobacco Products; Miscellaneous Manufacturing; Petroleum & Coal Products; Transportation Equipment; Machinery; Furniture & Related Products; and Plastics & Rubber Products. The only industry reporting contraction in February is Nonmetallic Mineral Products.

US Factory Growth Lowest since 2016: ISM


ISM | Joana Taborda | joana.taborda@tradingeconomics.com
3/1/2019 3:49:32 PM