US ISM Manufacturing Prices

Economic activity in the manufacturing sector expanded for the second month in a row in February after 26 consecutive months of contraction, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The report was issued today by Timothy R. Fiore, CPSM, C.P.M., Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee: "The Manufacturing PMI® registered 50.3 percent in February, 0.6 percentage point lower compared to the 50.9 percent recorded in January. The overall economy continued in expansion for the 58th month after one month of contraction in April 2020. (A Manufacturing PMI® above 42.3 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index dropped back into contraction territory after expanding for three months, registering 48.6 percent, 6.5 percentage points lower than the 55.1 percent recorded in January. The February reading of the Production Index (50.7 percent) is 1.8 percentage points lower than January's figure of 52.5 percent. The index expanded for the second month in a row after eight months in contraction. The Prices Index surged further into expansion (or 'increasing') territory, registering 62.4 percent, up 7.5 percentage points compared to the reading of 54.9 percent in January. The Backlog of Orders Index registered 46.8 percent, up 1.9 percentage points compared to the 44.9 percent recorded in January. The Employment Index registered 47.6 percent, down 2.7 percentage points from January's figure of 50.3 percent. post: US ISM Manufacturing Feb: 50.3 (est 50.8; prev 50.9) - Prices Paid: 62.4 (est 56.3; prev 54.9) - New Orders: 48.6 (est 54.6; prev 55.1) - Employment: 47.6 (est 50.1; prev 50.3)US manufacturing stable in February, but storm brewing from tariffs U.S. manufacturing was steady in February, but a measure of prices at the factory gate jumped to near a three-year high and it was taking longer for materials to be delivered, suggesting that tariffs on imports could soon hamper production. The Institute for Supply Management (ISM) said on Monday that its manufacturing PMI slipped to 50.3 last month from 50.9 in January, which marked the first expansion since October 2022. A PMI reading above 50 indicates growth in the manufacturing sector, which accounts for 10.3% of the economy. Economists polled by Reuters had forecast the PMI easing to 50.6. The dip in the PMI mirrored declines in other sentiment measures as President Donald Trump's administration ratchets up tariffs on imported goods. Domestic manufacturers rely heavily on imported raw materials. Trump in his first month in office has issued a raft of tariff orders. A 25% tariff on Mexican and Canadian goods comes into effect on Tuesday after being delayed for a month, along with an extra 10% duty on Chinese imports, on top of 10% already imposed. Analysts have warned of a financial fallout for U.S. automakers and other companies manufacturing vehicles in

Economic activity in the manufacturing sector contracted in December for the ninth consecutive month and the 25th time in the last 26 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. "The Manufacturing PMI® registered 49.3 percent in December, 0.9 percentage point higher compared to the 48.4 percent recorded in November. The overall economy continued in expansion for the 56th month after one month of contraction in April 2020. (A Manufacturing PMI® above 42.5 percent, over a period of ...