Demand expanded, with the (1) New Orders Index growing at strong levels, supported by the New Export Orders Index expanding moderately, (2) Customers’ Inventories Index at its lowest figure since June 2010 (35.8 percent), a level considered a positive for future production, and the (3) Backlog of Orders Index expanding at a slightly faster rate compared to the prior three months. Except as provided herein or as explicitly allowed in writing by ISM, you shall not copy, download, stream, capture, reproduce, duplicate, archive, upload, modify, translate, publish, broadcast, transmit, retransmit, distribute, perform, display, sell, or otherwise use any ISM ROB Content. All seasonal adjustment factors are subject annually to relatively minor changes when conditions warrant them. The ISM Manufacturing PMI for the United States jumped to 59.3 in October of 2020 from 55.4 in September, beating market forecasts of 56.4. Discrete manufacturing, wholesale distribution, and inventory management. “The Manufacturing PMI® signaled a continued rebuilding of economic activity in October, with all five contributing subindexes in moderate to strong growth territory. ET on Tuesday, December 1, 2020. The Prices Index registered 65.5 percent, up 2.7 percentage points compared to the September reading of 62.8 percent. According to the BEA estimates for 2018 GDP (released October 29, 2019), the six largest manufacturing sub-sectors are: Computer & Electronic Products; Chemical Products; Transportation Equipment Manufacturing; Food, Beverage & Tobacco Products; Petroleum & Coal Products; and Fabricated Metal Products. We still are not back to pre-COVID-19 levels but are continually improving.” (Fabricated Metal Products), “Construction materials have leveled off but continue to be at an all-time high. The new orders sub-index scored a 61.5. We expect a strong finish to 2020 and a solid start in 2021.” (Chemical Products), “Sales continue to be strong — up 4 percent this September compared to September 2019. The full text version of the Manufacturing ISM ® Report On Business ® is posted on ISM ® ’s website at www.ismrob.org on the first business day* of every month after 10:00 a.m. Four (Fabricated Metal Products; Food, Beverage & Tobacco Products; Computer & Electronic Products; and Chemical Products) of the six big industry sectors’ backlogs expanded. 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 August PMI ® registered 56 percent, up 1.8 percentage points from the July reading of 54.2 percent. No industries reported decreases in imports in October. The index has been higher than 50 for two consecutive months (expansion = 50+). Figures came slightly lower than market forecasts of 58, but still pointed to expansion in the overall economy for the seventh month in a row. (The Supplier Deliveries and Inventories indexes directly factor into the Manufacturing PMI®; the Imports Index does not.) Consequently, the index was above the 50-threshold that separates expansion from contraction in the manufacturing sector. The month-over-month gain of 3.9 percentage points is the second-biggest positive change in the Manufacturing PMI® since May 2009, when it increased by 4.2 percentage points. Prices continued to expand at higher rates, reflecting a continued shift to seller pricing power. The Manufacturing ISM® Report On Business® is based on data compiled from purchasing and supply executives nationwide. (Levels higher than 50 signal expansion; levels below 50 signal contraction.) Accessed July 2020. Tempe, Arizona (PPD) — The Institute for Supply Management (ISM) Manufacturing Index (PMI) came in stronger than expected at 52.6% in June, up … With four of the six big industry sectors expanding (Food, Beverage & Tobacco Products; Transportation Equipment; Fabricated Metal Products; and Chemical Products), new export orders were a positive factor to the growth in new orders,” says Fiore. If the index is above … The next Non-Manufacturing ISM ® Report On Business ® featuring July 2020 data will be released at 10:00 a.m. US Futures Sink as Focus Returns to Coronavirus, Dollar Bounces but is on Track for Weekly Loss, Factory Activity in Philadelphia Beats Forecasts, US Building Permits Hit Highest Since 2006, API: US Crude Oil Inventories Unexpectedly Rise, US Homebuilder Sentiment Weaker than Expected, US Mortgage Applications Fall for 1st Time in 3 Weeks, US Records Net Capital Inflow in November, Canada Wholesale Sales Shrink the Most since April, Canada Retail Sales Surprise on the Upside, Chile Producer Inflation Quickens to 10.2% YoY in November, Irish Wholesale Prices Fall the Most on Record, Gold Plunges 1% but is on Track for Best Week in 5. The Employment Index registered 53.2 percent, an increase of 3.6 percentage points from the September reading of 49.6 percent. News Truck tonnage finishes 2020 on an upswing, reports ATA Cardinal Logistics brings NRX Logistics into the fold, to expand last-mile operations FourKites issues Q4 2020 Premier Carriers List ISM Semiannual Report points to manufacturing and services sector growth in 2021 Capacity, demand, and equipment outlooks make for challenging ocean container market The distance from 50 percent or 42.8 percent is indicative of the extent of the expansion or decline. The ISM's forward-looking new orders sub-index surged to a reading of 67.9 last month, the highest reading since January 2004, from 60.2 in September. “The past relationship between the Manufacturing PMI® and the overall economy indicates that the Manufacturing PMI® for October (59.3 percent) corresponds to a 4.8-percent increase in real gross domestic product (GDP) on an annualized basis,” says Fiore. 2014 earnings calendar featuring analyst's estimates, economic events, stock splits, and dividends dates - a complete guide to earnings season. The year-to-date level is still 21 percent below last year due to the [COVID-19] shutdown, but sales are stronger than expected and forecast to stay strong through the first quarter of 2021.” (Transportation Equipment), “Increased production due to stores stocking up for the second wave of COVID-19.” (Food, Beverage & Tobacco Products), “Continue to see increases in customer demand. October 04, 2020 . US ISM-services, diffusion index, %, June: ISM Actual: 57.1 Consensus: 50.2 Prior: 45.4 The US service sector is ripping back at a much quicker than anticipated pace. The Institute for Supply Management (ISM) manufacturing index increased from 52.6 in June to 54.2 in July, beating market expectations of 53.6 and marking the highest reading since March 2019. Overall, manufacturing closed 2020 in better shape than experts expected. “Customers’ inventories are too low for the 49th consecutive month and moved further into ‘too low’ territory in October, a positive for future production growth. That was the lowest level for the index since June 2009 when it registered at 46.3 percent. Panel sentiment was optimistic (two positive comments for every cautious comment), a slight decrease compared to September. The full text version of the Manufacturing ISM ® Report On Business ® is posted on ISM ® 's website at www.ismrob.org on the first business day* of every month after 10:00 a.m. Diffusion indexes have the properties of leading indicators and are convenient summary measures showing the prevailing direction of change and the scope of change. No Recent Searches. “Imports expanded for the fourth consecutive month and at a faster rate, reflecting continued increases in U.S. factory demand. The six industries reporting a decrease in inventories in October — listed in order — are: Wood Products; Primary Metals; Plastics & Rubber Products; Electrical Equipment, Appliances & Components; Fabricated Metal Products; and Computer & Electronic Products. July 6, 2020 09:00 CDT Definition The Institute For Supply Management surveys more than 375 firms from numerous sectors across the United States for its non-manufacturing index. “Among the six biggest manufacturing industries, five (Fabricated Metal Products; Food, Beverage & Tobacco Products; Chemical Products; Computer & Electronic Products; and Transportation Equipment) registered strong growth. The only industry reporting a decline in new orders in October is Textile Mills. Six industries reported no change in new export orders in October. Comments from respondents were generally optimistic regarding the near-term outlook. Download historical data for 20 million indicators using your browser. The ISM said its purchasing managers index rose to 54.2 in July from 52.6 in June, with a reading above 50 indicating growth in manufacturing activity. 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