The Institute for Supply’s U.S. Manufacturing index increased to 61.1% in September from 59.9.9% in the prior month.
- The ISM index soared to a record-high of 64.7 in March before recovering over the last two months from a figure of 59.5 reading in July.
- Demand is still strong, but manufacturers are facing challenges with supply shortages. Survey participants anticipated an “unexpected number of hurdles to meet” rising demand.
- 17 industries posted growth in September while only one industry recorded a decrease. Seventeen industries also reported an increase in prices.
- An independent survey by IHS Markit indicated its manufacturing PMI declined to a five-month low of 60.7 in September. The “flash” estimate was 60.5.
- The new orders index stood at 66.7% in September. Production dropped 0.6 percentage points to 59.4%. Employment edged up 1.2% to nearly higher than 50.2.
Supplier deliveries worsened, increasing to 73.4% in September from 69.5% in the past month.
DXY down -0.16%, EUR USD up +0.15%
Source: ISM
