The ISM Manufacturing PMI fell to 53 in June of 2022 from 56.1 in May, pointing to the slowest growth in factory activity since June of 2020, and below market forecasts of 54.9. New orders contracted for the first time in two years (49.2 vs 55.1), in a sign rising interest rates are hurting demand. Also, employment declined further (47.3 vs 49.6) although companies improved their progress on addressing moderate-term labor shortages at all tiers of the supply chain. At the same time, supplier deliveries slowed (57.3 vs 65.7) while production (54.9 vs 54.2) and inventories (56 vs 55.9) increased slightly faster and price pressures eased (78.5 vs 82.2). Meanwhile, business sentiment remained optimistic regarding demand, but firms continue to note supply chain and pricing issues as their biggest concerns. source: Institute for Supply Management

Business Confidence in the United States averaged 53.02 points from 1948 until 2022, reaching an all time high of 77.50 points in July of 1950 and a record low of 29.40 points in May of 1980. This page provides the latest reported value for - United States ISM Purchasing Managers Index (PMI) - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States ISM Purchasing Managers Index (PMI) - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.

Business Confidence in the United States is expected to be 51.00 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States ISM Purchasing Managers Index (PMI) is projected to trend around 56.00 points in 2023 and 52.40 points in 2024, according to our econometric models.

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United States ISM Purchasing Managers Index (PMI)



Calendar GMT Actual Previous Consensus TEForecast
2022-06-01 02:00 PM May 56.1 55.4 54.5 54.8
2022-07-01 02:00 PM Jun 53 56.1 54.9 55
2022-08-01 02:00 PM Jul 53


Related Last Previous Unit Reference
Business Confidence 53.00 56.10 points Jun 2022
Non Manufacturing PMI 55.90 57.10 points May 2022
Ism New York Index 37.20 35.50 percent Mar 2021
Chicago PMI 56.00 60.30 points Jun 2022
ISM Manufacturing Prices 78.50 82.20 points Jun 2022
ISM Manufacturing New Orders 49.20 55.10 points Jun 2022
ISM Manufacturing Employment 47.30 49.60 points Jun 2022

United States ISM Purchasing Managers Index (PMI)
The Manufacturing ISM Report On Business is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices), the report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction, and the diffusion index. A PMI reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining.
Actual Previous Highest Lowest Dates Unit Frequency
53.00 56.10 77.50 29.40 1948 - 2022 points Monthly
SA

News Stream
US Factory Growth Lowest in 2 Years: ISM
The ISM Manufacturing PMI fell to 53 in June of 2022 from 56.1 in May, pointing to the slowest growth in factory activity since June of 2020, and below market forecasts of 54.9. New orders contracted for the first time in two years (49.2 vs 55.1), in a sign rising interest rates are hurting demand. Also, employment declined further (47.3 vs 49.6) although companies improved their progress on addressing moderate-term labor shortages at all tiers of the supply chain. At the same time, supplier deliveries slowed (57.3 vs 65.7) while production (54.9 vs 54.2) and inventories (56 vs 55.9) increased slightly faster and price pressures eased (78.5 vs 82.2). Meanwhile, business sentiment remained optimistic regarding demand, but firms continue to note supply chain and pricing issues as their biggest concerns.
2022-07-01
US Factory Growth Unexpectedly Accelerates
The ISM Manufacturing PMI for the US unexpectedly rose to 56.1 in May of 2022 from 55.4 in April and beating market forecasts of 54.5. Faster increases were seen for new orders (55.1 vs 53.5), production (54.2 vs 53.6) and inventories (55.9 vs 51.6). Also, price pressures eased for a second month (82.2 vs 84.6) while employment contracted (49.6 vs 50.9), although companies improved their progress on addressing moderate-term labor shortages at all tiers of the supply chain. Meanwhile, business sentiment remained strongly optimistic regarding demand but supply chain and pricing issues remain the biggest concerns.
2022-06-01
US Factory Growth Slows Again in April
The ISM Manufacturing PMI for the US fell for a second straight month to 55.4 in April of 2022 from 57.1 in March and compared to market forecasts of 57.6. It was the lowest reading since July 2020, as a slowdown was seen in production (53.6 vs 54.5 in March), new orders (53.5 vs 53.8), and employment (50.9 vs 56.3). Meanwhile, price pressures moderated (84.6 vs 87.1) while the backlog of orders decreased (56 vs 60). “The US manufacturing sector remains in a demand-driven, supply chain-constrained environment. In April, progress slowed in solving labor shortage problems at all tiers of the supply chain”, Timothy Fiore, Chair of the ISM Manufacturing Business Survey Committee, said.
2022-05-02