AI Data Insight
The latest released US ISM Manufacturing Backlog of Orders for Q3 2026 (July) climbed to 55.0, significantly outperforming the previous value of 50.5. Driven by strong new orders and production, the overall PMI surged to 55.6, beating market expectations and prompting the employment index to return to expansion. This data reflects that US manufacturing demand is operating at full capacity, with strong short-term recovery momentum.