US manufacturing PMI rises 9.5 percentage points in June

Thursday, 02 July 2020 10:22:51 (GMT+3)   |   San Diego
       

Economic activity in the US manufacturing sector grew in June with the overall economy notching a second month of growth after one month of contraction, according to the latest Manufacturing ISM Report On Business.

The June PMI registered 52.6 percent, up 9.5 percentage points from the May reading of 43.1 percent. This figure indicates expansion in the overall economy for the second straight month after April's contraction, which ended a period of 131 consecutive months of growth.

Index breakdown:

Index June level May level
New Orders 56.4 31.8
Production 57.3 33.2
Backlog of Orders 45.3 38.2
Employment 42.1 32.1
Supplier Deliveries 56.9 68
Inventories 50.5 50.4
Prices 51.3 40.8
New Export Orders 47.6 39.5
Imports 48.8 41.3

Of the 18 manufacturing industries, the 13 that reported growth in June — in the following order — are: textile mills; wood products; furniture and related products; printing and related support activities; apparel, leather and allied products; food, beverage and tobacco products; computer and electronic products; plastics and rubber products; chemical products; miscellaneous manufacturing; nonmetallic mineral products; paper products; and electrical equipment, appliances and components.

The four industries reporting contraction in June are: transportation equipment; primary metals; fabricated metal products; and machinery.


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