Economic activity in the US manufacturing sector grew in June, with the overall economy notching a 13th consecutive month of growth, according to the latest Manufacturing ISM Report On Business.
The June Manufacturing PMI registered 60.6 percent, a decrease of 0.6 percentage point from the May reading of 61.2 percent. This figure indicates expansion in the overall economy for the 13th month in a row after contraction in April 2020. Index breakdown:
Index | June level | May level |
New Orders | 66 | 67 |
Production | 60.8 | 58.5 |
Backlog of Orders | 64.5 | 70.6 |
Employment | 49.9 | 50.9 |
Supplier Deliveries | 75.1 | 78.8 |
Inventories | 51.1 | 50.8 |
Prices | 92.1 | 88 |
New Export Orders | 56.2 | 55.4 |
Imports | 61 | 54 |
Seventeen of 18 manufacturing industries reported growth in June, in the following order: furniture and related products; machinery; electrical equipment, appliances and components; computer and electronic products; plastics and rubber products; chemical products; fabricated metal products; transportation equipment; miscellaneous manufacturing; nonmetallic mineral products; textile mills; primary metals; food, beverage and tobacco products; paper products; printing and related support activities; wood products; and petroleum and coal products. No industry reported a decrease in June.