United States PMI

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United States: ISM manufacturing index inches up in June

July 2, 2015

In June, the ISM manufacturing index held increased from the 52.8% recorded in May to 53.5%, which marked the highest reading in five months. The result slightly beat market expectations of an increase to 53.2%. The index remains above the 50.0% threshold that indicates expansion in the manufacturing sector.

Employment was the component of the index that improved the most over the previous month in June. New orders and inventories tallied smaller increases. In contrast, production and supplier deliveries registered declines.

FocusEconomics Consensus Forecast panelists expect that industrial output will increase 4.1% this year, which is up 0.1 percentage points from last month’s forecast. For 2016, panelists see industrial production decelerating to a 3.5% expansion.

Author:, Economist

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United States PMI Chart

USA PMI June 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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