The ISM Prices Index rose to 78.3 percent in March, up 7.8 points from February’s 70.5, signaling raw material costs increased for an 18th consecutive month and reaching the highest level since June 2022. The index has surged 19.3 points over the past two months, reflecting broad based cost pressures across manufacturing. All six major industries, including petroleum, machinery, chemicals, electronics, transportation equipment and food products, reported rising prices. The increase was driven by higher steel and aluminum costs, tariffs on imports and a recent jump in petroleum based products linked to the Middle East conflict. A total of 59.4 percent of respondents reported higher prices, the largest share since June 2022. Most industries faced rising input costs, with only printing and related services reporting declines, highlighting persistent inflation pressures across supply chains. source: Institute for Supply Management
ISM Manufacturing Prices in the United States averaged 60.62 points from 2003 until 2026, reaching an all time high of 92.10 points in June of 2021 and a record low of 17.10 points in December of 2008. This page includes a chart with historical data for the United States ISM Manufacturing Prices Paid. United States ISM Manufacturing Prices Paid - data, historical chart, forecasts and calendar of releases - was last updated on April of 2026.
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 |
|
|
78.30 |
70.50 |
92.10 |
17.10 |
2003 - 2026 |
points |
Monthly |
SA
|