ISM Manufacturing index for July:
- Index: Actual: 46.4; Expected: 46.8; Previously 46
- Employment: Actual: 44.4; Expected: 48; Previously 48.1
- Prices Paid: Actual: 42.6; Expected: 42.8; Previously 41.8
- New Orders: Actual: 47.3; Previously 46
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Open real account TRY DEMO Download mobile app Download mobile appThe latest Manufacturing ISM Report reveals that the U.S. manufacturing sector contracted for the ninth consecutive month in July, with the July Manufacturing PMI registering at 46.4, a slight increase from June's 46. Various indices such as the New Orders Index, Production Index, Prices Index, and Backlog of Orders Index showed marginal improvements, while the Employment Index dropped further into contraction. Despite the overall contraction, there were signs of a marginally slower rate of decline, with some indices reflecting companies managing outputs down due to continued order softness. The report also highlighted that only two manufacturing industries reported growth in July, while 16 industries reported contraction, indicating a persistent weakness in the manufacturing sector, although there were clear positives compared to June.
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