United States PMI December 2015

United States

United States: ISM manufacturing at lowest level in more than six years

January 4, 2016

In December, the ISM manufacturing index came in at 48.2%, which was just below the 48.6% recorded in November and marked the lowest reading since June 2009, when the U.S economy was mired in a recession. The result contrasted market expectations of 49.2%. The index has weakened for three consecutive months and is now a bit further below the 50.0% threshold, which distinguishes between contraction and expansion in the manufacturing sector.

The index was mainly dragged down by declines in employment and supplier delivery times. On a positive note, production and new orders increased in December.

FocusEconomics Consensus Forecast panelists expect that industrial output will increase 2.2% this year, which is down 0.1 percentage points from last month’s forecast. For 2017, panelists see industrial production accelerating to a 2.9% expansion.

Author:, Economist

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United States PMI Chart

USA PMI December 2015

Note: Composite index in the Manufacturing Report on Business (PMI). Readings above 50% indicate an expansion in the manufacturing sector while readings below 50% point to a contraction.
Source: Institute for Supply Management.

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