ISM United States Manufacturing Purchasing Managers Index (PMI)

Country:
United States
USD, US dollar
Sector:
Business
High 59.3 58.8
57.7
Last release Importance Actual Forecast
Previous
58.8
59.3
Next release Actual Forecast
Previous
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ISM Manufacturing PMI reflects business conditions in the US manufacturing sector in the specified month. The Institute of Supply Management (ISM) is a not-for-profit supply management organization in the United States, which has over 40,000 members.

The index is calculated based on a survey of representatives of several hundred companies from 18 US industries. Unlike Markit, ISM considers not only private companies but is based on the common NAICS (North American Industrial Classification System) list. Respondents describe the following aspects of their economic activity:

  • New orders received from clients
  • Output (speed and level)
  • Suppliers' delivery times (whether delivery performance is faster or slower)
  • Company's inventories
  • Customers' stocks (an approximate estimate of stocks stored by company's clients)
  • Prices, whether the company is paying for products and services more or less
  • Backlog of orders (increasing or decreasing)
  • New export orders, i.e. the number of orders received for further export
  • Imports — amount of imported materials
  • Employment in the company

The questionnaire features relative estimates: whether the situation is better, worse or has not changed. Responses are estimated taking into account weights of respondent companies.

The values are seasonally adjusted. The resulting manufacturing PMI is a composite of five diffuse indices with different weights (New orders, Output, Employment, Supplies and Inventories).

Readings above 50 point to improvements in the industry situation. Index below 50 is an indication of contraction in economic conditions of production. The further the value moves from the mark of 50, the greater the rate of situation change.

Manufacturing PMI is one of the most important indicators of economic health. Although the manufacturing sector is not a very important component of national GDP, it is still an early indicator of a coming recession or growth. Purchasing managers are among the first to know when the market conditions change, since they work in the short term and can evaluate a trend towards changing economic conditions. The index is released earlier than GDP and reports from the Bureau of Labor Statistics, therefore it is a leading indicator.

Manufacturing PMI growth is usually seen as positive for the US dollar.

Last values:

actual data

forecast

The chart of the entire available history of the "ISM United States Manufacturing Purchasing Managers Index (PMI)" macroeconomic indicator. The dashed line shows the forecast values ​​of the economic indicator for the specified dates.

A significant deviation of a real value from a forecast one may cause a short-term strengthening or weakening of a national currency in the Forex market. The threshold values ​​of the indicators signaling the approach of the critical state of the national (local) economy occupy a special place.

Date (GMT)
Reference
Actual
Forecast
Previous
Nov 2018
59.3
58.8
57.7
Oct 2018
57.7
60.6
59.8
Sep 2018
59.8
62.7
61.3
Aug 2018
61.3
60
58.1
Jul 2018
58.1
59.7
60.2
Jun 2018
60.2
56.1
58.7
May 2018
58.7
53.7
57.3
Apr 2018
57.3
58.5
59.3
Mar 2018
59.3
62.1
60.8
Feb 2018
60.8
60.8
59.1
Jan 2018
59.1
58.3
59.3
Dec 2017
59.7
56.1
58.2
Nov 2017
58.2
59.8
58.7
Oct 2017
58.7
62.1
60.8
Sep 2017
60.8
60.1
58.8
Aug 2017
58.8
57.4
56.3
Jul 2017
56.3
55.7
57.8
Jun 2017
57.8
53
54.9
May 2017
54.9
53.8
54.8
Apr 2017
54.8
57.2
Mar 2017
57.2
57.7
Feb 2017
57.7
56
Jan 2017
56
54.7
Dec 2016
54.7
53.2
Nov 2016
53.2
51.9
Oct 2016
51.9
51.5
Sep 2016
51.5
49.4
Aug 2016
49.4
52.6
Jul 2016
52.6
53.2
Jun 2016
53.2
51.3
May 2016
51.3
50.8
Apr 2016
50.8
51.8
Mar 2016
51.8
49.5
Feb 2016
49.5
48.2
Jan 2016
48.2
48.2
Dec 2015
48.2
48.6
Nov 2015
48.6
50.1
Oct 2015
50.1
50.2
Sep 2015
50.2
51.1
Aug 2015
51.1
52.7
Jul 2015
52.7
53.5
Jun 2015
53.5
52.8
May 2015
52.8
51.5
Apr 2015
51.5
51.5
Mar 2015
51.5
52.9
Feb 2015
52.9
53.5
Jan 2015
53.5
55.5
Dec 2014
55.5
58.7
Nov 2014
58.7
59
Oct 2014
59
56.6

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