United States: ISM Manufacturing PMI - Final (SA)

Macro

2026-05-01

Description

The U.S. Manufacturing Purchasing Managers' Index (PMI) is compiled and published by the Institute for Supply Management (ISM). It is based on monthly surveys of around 400 purchasing managers. A PMI above 50 indicates expansion in the manufacturing sector, while below 50 indicates contraction, serving as a vital indicator of the health of the US manufacturing industry and the global economy.

The PMI is composed of five equally weighted components: New Orders, Production, Employment, Supplier Deliveries, and Inventories.

This data is released on the first business day of each month at 10:00 AM (EST), providing the previous month's survey results.

Published by
Institute for Supply Management (Choice)
Frequency
Monthly
Next Update

AI Data Insight

The US Q2 2026 ISM Manufacturing PMI recorded 52.7, flat compared to the previous reading. Although it has remained above the boom-or-bust line for four consecutive months, it slightly missed market expectations. Driven by Middle East geopolitics and surging oil prices, the price index soared to a four-year high. Concerns over reignited inflation and employment contraction may challenge the Federal Reserve's future rate cut path.

AI Data Insight

The US Q2 2026 ISM Manufacturing PMI recorded 52.7, flat compared to the previous reading. Although it has remained above the boom-or-bust line for four consecutive months, it slightly missed market expectations. Driven by Middle East geopolitics and surging oil prices, the price index soared to a four-year high. Concerns over reignited inflation and employment contraction may challenge the Federal Reserve's future rate cut path.

Description

The U.S. Manufacturing Purchasing Managers' Index (PMI) is compiled and published by the Institute for Supply Management (ISM). It is based on monthly surveys of around 400 purchasing managers. A PMI above 50 indicates expansion in the manufacturing sector, while below 50 indicates contraction, serving as a vital indicator of the health of the US manufacturing industry and the global economy.

The PMI is composed of five equally weighted components: New Orders, Production, Employment, Supplier Deliveries, and Inventories.

This data is released on the first business day of each month at 10:00 AM (EST), providing the previous month's survey results.

Published by
Institute for Supply Management (Choice)
Frequency
Monthly
Next Update