Category: contraction
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ICYMI – J.P. Morgan Global Manufacturing PMI signals contraction for 3rd consecutive month
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The JPMorgan/S&P Global Market Global Manufacturing PMI was published Tuesday night, reaching 48.8 in September. Output, new orders, employment and inventories of purchases declined, contributing to the contraction. Suppliers’ delivery times were the only element that made a positive contribution. Manufacturing output fell for the first time in 2024 due…
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U.S. August ISM Manufacturing PMI Remained in Contraction Despite Uptick in Prices
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The US ISM manufacturing PMI for August came in at 47.2, up from the previous month’s reading of 46.8 but below the consensus of 47.5, reflecting a slowdown in the pace of manufacturing contraction. The report’s components revealed that the price index rose from 52.9 to 54.0, while the employment…
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U.S. ISM Manufacturing PMI Surprised With a Deeper Contraction in May
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The latest round of US manufacturing PMI releases showed a mixed picture, with S&P Global revising its preliminary readings higher while the closely watched ISM PMI showed a deeper contraction than markets expected: S&P Global’s final manufacturing PMI jumped from 50.0 to 51.3 in May (vs. initial 50.9 reading) ISM…