All articles tagged with #ism manufacturing pmi
The US manufacturing sector expanded for the ninth consecutive month in September 2026, with the ISM Manufacturing PMI registering 54.5. While new orders and employment grew, the prices index surged to 77.9, signaling significant cost pressures. The overall economy continued its 23-month expansion, though sentiment among manufacturers turned more negative due to tariffs and energy costs.
Gold prices dropped to session lows as the Institute for Supply Management (ISM) manufacturing index revealed that the U.S. manufacturing sector contracted for the ninth consecutive month. The index came in at 46.4% for July, below market expectations of 46.9%. The employment index also fell further into contraction, while the index for new orders remained in contraction territory. Despite a slight uptick in the PMI, the reading reflects companies continuing to manage outputs down as order softness persists.
The manufacturing sector in the United States is showing signs of weakness, with the ISM Manufacturing Purchasing Managers' Index (PMI) falling to its lowest level in three years. The PMI reading of 46 indicates the eighth consecutive month of contraction in the sector. Only one out of six main manufacturing industries managed to grow in June, while new order demand and backlogs remain weak. The decline in manufacturing activity could ease inflationary pressures but may also lead to more widespread job cuts in the sector.