US manufacturing PMI falls 1.5 percentage points in July

Tuesday, 01 August 2017 00:19:59 (GMT+3)   |   San Diego
       

Economic activity in the US manufacturing sector expanded in July, and the overall economy grew for the 98th consecutive month, according to supply executives in the latest Manufacturing ISM Report On Business.

The July PMI registered 56.3 percent, a decrease of 1.5 percentage points from the June reading of 57.8 percent.

The New Orders Index registered 60.4 percent, a decrease of 3.1 percentage points from the June reading of 63.5 percent.

The Production Index registered 60.6 percent, a 1.8 percentage point decrease compared to the June reading of 62.4 percent.

The Employment Index registered 55.2 percent, a decrease of 2 percentage points from the June reading of 57.2 percent.

The Supplier Deliveries Index registered 55.4 percent, a 1.6 percentage point decrease from the June reading of 57 percent.

The Inventories Index registered 50 percent, an increase of 1 percentage point from the June reading of 49 percent.

The Prices Index registered 62 percent in July, an increase of 7 percentage points from the June reading of 55 percent, indicating higher raw materials prices for the 17th consecutive month, with a faster rate of increase in July compared with June.

Of the 18 manufacturing industries, 15 reported growth in July in the following order: plastics and rubber products; electrical equipment, appliances and components; wood products; fabricated metal products; machinery; chemical products; paper products; food, beverage and tobacco products; printing and related support activities; computer and electronic products; nonmetallic mineral products; furniture and related products; miscellaneous manufacturing; primary metals; and transportation equipment.

Three industries reported contraction in July compared to June: apparel, leather and allied products; textile mills; and petroleum and coal product.

 


Similar articles

New orders for US manufactured goods down 3.6 percent in January

05 Mar | Steel News

US manufacturing PMI declines to 47.8 percent in February

01 Mar | Steel News

New orders for US manufactured goods up 0.2 percent in December

02 Feb | Steel News

US manufacturing PMI edges up 2 percentage points in January

01 Feb | Steel News

New orders for US manufactured goods up 2.6 percent in November

05 Jan | Steel News

US manufacturing industry contracts again in December

03 Jan | Steel News

New orders for US manufactured goods down 3.6 percent in October

04 Dec | Steel News

US manufacturing PMI remains unchanged in November

01 Dec | Steel News

US manufactured goods up 2.8 percent in September

02 Nov | Steel News

US manufacturing PMI contracts again in October

01 Nov | Steel News