United States PMI October 2021

United States

United States: ISM manufacturing index dips in October, but remains upbeat

November 4, 2021

The Institute for Supply Management (ISM) manufacturing index ticked down to 60.8 in October from 61.1 in September. Consequently the index moved remained above the 50-threshold that separates expansion from contraction in the manufacturing sector.

October’s slightly weaker expansion was predominately driven by a softer rise in new orders and production. That said, employment levels increased at a faster pace in October relative to the month prior.

FocusEconomics Consensus Forecast panelists expect industrial production to rise 4.1% in 2022, which is down 0.2 percentage points from last month’s forecast. In 2023, panelists see industrial production rising 2.4%.

Author:, Economist

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United States PMI Chart

United States PMI October 2021 0

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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