ISM Manufacturing index for August:
- Index: Actual: 47.6; Expected: 47; Previously 46.4
- Employment: Actual: 48.5 Expected: 44.2; Previously 44.4
- Prices Paid: Actual: 48.4; Expected: 44.1; Previously 42.6
- New Orders: Actual: 46.8; Previously 47.3
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The August Manufacturing PMI registered a slight uptick to 47.6 percent from July's 46.4 percent, marking a ninth consecutive month of contraction in the manufacturing sector. Key indices like New Orders and Imports remained in contraction, while the Production Index showed marginal improvement. The Prices Index and Employment Index also rose, but still signaled contraction overall. Supplier deliveries sped up for the 11th straight month. Among industries, three of the six biggest sectors—Transportation Equipment, Food, Beverage & Tobacco Products, and Petroleum & Coal Products—showed growth, while 13 others contracted. Industry respondents pointed to continuing soft demand, supply constraints, and economic uncertainties. Despite weak customer orders, some improvement was noted, such as a decrease in the percentage of manufacturing GDP that contracted, suggesting cautious optimism for stabilization in the sector.
Source: xStation 5
