United States: ISM Manufacturing PMI - Final (SA)

Macro

2026-07-01

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 newly released US Q2 ISM Manufacturing PMI posted 53.3, retreating slightly from the previous value of 54.0 and falling below market consensus, yet still achieving a sixth consecutive month of expansion. Sub-indices show a sharp drop in the prices index, while the employment index approaches the boom-or-bust threshold, reflecting easing cost pressures and reduced layoffs. Going forward, continuous attention should be paid to the potential medium- to long-term impacts of the high interest rate environment and geopolitics on supply chains.

AI Data Insight

The newly released US Q2 ISM Manufacturing PMI posted 53.3, retreating slightly from the previous value of 54.0 and falling below market consensus, yet still achieving a sixth consecutive month of expansion. Sub-indices show a sharp drop in the prices index, while the employment index approaches the boom-or-bust threshold, reflecting easing cost pressures and reduced layoffs. Going forward, continuous attention should be paid to the potential medium- to long-term impacts of the high interest rate environment and geopolitics on supply chains.

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