Connect With PPD
Follow Us:
Economy

ISM Manufacturing Index (PMI) Cools Less than Expected in June

PMI Expansion Slows for Third Straight Month

American Manufacturing Sector Graphic Concept. (Photo: AdobeStock)

The Institute for Supply Management (ISM) Manufacturing Index (PMI) slowed 0.4 to 51.7%, slightly beating the consensus forecast at 51.1. Worth noting, the prices index declined and imports posted at zero expansion.

IndicatorPriorConsensus ForecastForecast RangeReading
ISM Manufacturing Index (PMI)52.1 51.1 50.0  to 53.0 51.7 

The New Orders Index came in at 50%, a decline of 2.7 percentage points from the May reading of 52.7%. The Production Index rose 2.8 percentage points to 54.1%.

The Employment Index continued to rise to 54.5%, a gain of 0.8 from the May reading of 53.7%. The Supplier Deliveries Index fell 1.3 to 50.7% from a reading of 52% in May. The Inventories Index registered 49.1%, a decrease of 1.8 percentage points from the May reading of 50.9%. The Prices Index registered 47.9%, a 5.3-percentage point decrease from the May reading of 53.2%.

“Comments from the panel reflect continued expanding business strength, but at soft levels,” Timothy R. Fiore, Chair of the ISM Manufacturing Business Survey Committee, said. “June was the third straight month with slowing PMI expansion.”

READ FULL STORY

SubscribeSign In
PPD Business Staff

PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.

Share
Published by
PPD Business Staff

Recent Posts

Media’s Worst Russian Collusion Sins May Soon Be Repeated

The most damning journalistic sin committed by the media during the era of Russia collusion…

1 year ago

Study: Mask-Mandates and Use Not Associated With Lower Covid-19 Case Growth

The first ecological study finds mask mandates were not effective at slowing the spread of…

3 years ago

Barnes and Baris on Big Tech’s Arbitrary Social Media Bans

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris note how big tech…

3 years ago

Barnes and Baris on Why America First Stands With Israel

On "What Are the Odds?" Monday, Robert Barnes and Rich Baris discuss why America First…

3 years ago

Personal Income Fell Significantly in February, Consumer Spending Weaker than Expected

Personal income fell $1,516.6 billion (7.1%) in February, roughly the consensus forecast, while consumer spending…

4 years ago

Study: Infection, Vaccination Protects Against Covid-19 Variants

Research finds those previously infected by or vaccinated against SARS-CoV-2 are not at risk of…

4 years ago

This website uses cookies.