ISM Manufacturing Index for DECEMBER 2025

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for December, 2025:

=========

Predicted: 48.0%

• Actual: 47.9% (-0.3 point month-on-month change)

=========

Previous month: 48.2%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector contracted in December for the 10th consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation’s supply executives in the latest ISM® Manufacturing PMI® Report..."

=========

The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

•     'Winding up the year with mixed results. It has not been a great year. We have had some success holding the line on costs; however, real consumer spending is down and tariffs are ultimately to blame. I hope for some return to free trade, which is what consumers have ‘voted for’ with their spending.'
   [Chemical Products]
  

 

•     'Trough conditions continue: depressed business activity, some seasonal but largely impacted by customer issues due to interest rates, tariffs, low oil commodity pricing and limited housing starts.'
   [Machinery]
  

 

•     'Things are quieter regarding tariffs, but prices for all products remain higher. Our costs have increased, so we have increased prices for our customers to compensate. Margins have deteriorated, as full pass through (of cost increases) is not possible.'
   [Computer + Electronic Products]
  

 

•     'Things are not improving in the transportation equipment market. Many customers are ordering for 2026, but those orders are 20 percent to 30% below their historical buying patterns. Some large fleets are still completely on hold for 2026, with zero capital expenditures money available to fleet budgets. Truck rental utilization, which is a good benchmark for the health of the economy, is still below historically stable levels. The general mood of the industry is that the first half of 2026 will be another bust, and we’re now hoping things pick up in the second half, even as the North American truck fleet continues to age.'
   [Transportation Equipment]
  

 

•     'In the current environment, our company is struggling with customer orders and financially overall. Our senior leaders are struggling to focus our business and get the company on track with quality products. In November, layoffs impacted about 9% of our workforce, affecting all locations in the U.S. and Europe.'
   [Machinery]
  

 

•     'Orders continue to drop for most of our businesses. Many plants are not running near full capacity. Make to order being utilized where possible.'
   [Chemical Products]
  

 

•     'Order levels have continued to decline: We had a bad October, an awful November and a dismal December. January and February don’t look too good, as bookings are down 25 percent compared to the first two months of 2025.'
   [Fabricated Metal Products]
  

 

•     'Morale is very low across manufacturing in general. The cost of living is very high, and component costs are increasing with folks citing tariffs and other price increases. It’s cold in our area of the country, absenteeism is worse around the holidays, and sales were lower than we expected for November. So, things look a bit bleak overall.'
   [Electrical Equipment, Appliances + Components]
  

 

•     'Global logistics remains sensitive to geopolitical shifts. Tariffs are influencing equipment pricing and procurement strategies. Large-scale data center programs are absorbing and reducing availability of resources for other sectors.' 
  [Food, Beverage + Tobacco Products]
  

 

•     '2025 revenue was down 17 percent due to tariffs. The lost revenue has inhibited our ability to offer bonuses to employees or create and hire for new positions.'
   [Miscellaneous Manufacturing]
  

==========

CHART: ISM Manufacturing Index
December 2025 Update

=========

DATA: ISM Manufacturing Index

12-Month History
December 2025 Update

=========

=========

• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for NOVEMBER 2025

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for November, 2025:

=========

Predicted: 48.0%

• Actual: 48.2% (-0.5 point month-on-month change)

=========

Previous month: 48.7%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector contracted in November for the ninth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation’s supply executives in the latest ISM® Manufacturing PMI® Report..."

=========

The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

•     'New order entries are within the forecast. We have increased requests from customers to get their orders sooner. Transit time on imports seems to be longer.'
   (Machinery)
  

•     'We are starting to institute more permanent changes due to the tariff environment. This includes reduction of staff, new guidance to shareholders, and development of additional offshore manufacturing that would have otherwise been for U.S. export.'
   (Transportation Equipment) 

•     'Tariffs and economic uncertainty continue to weigh on demand for adhesives and sealants, which are primarily used in building construction.'
   (Chemical Products) 

•     'No major changes at this time, but going into 2026, we expect to see big changes with cash flow and employee head count. The company has sold off a big part of the business that generated free cash while offering voluntary severance packages to anyone.'
   (Petroleum + Coal Products) 

•     'Business conditions remain soft as a result of higher costs from tariffs, the government shutdown, and increased global uncertainty.'
   (Miscellaneous Manufacturing) 

•     'The unstable market has made pricing fluctuate in a very volatile way; I have had to reduce suppliers for raw materials to maintain a better direct cost structure. Reducing my suppliers has reduced the availability of some items and created longer lead times.'
   (Fabricated Metal Products) 

•     'Business continues to be a struggle regarding long-term sourcing decisions based on tariffs and landing costs. External (or international) sourcing remains the lowest-cost solution compared to U.S. production/manufacturing. The delta is smaller now, reducing margins.'
   (Computer + Electronic Products) 

•     'The government shutdown has impacted our access to agricultural data, impacting agricultural markets and, as a result, decisions we make. Optimism for a tariff exemption on palm oil percolated but hasn’t come to fruition at this time.'
   (Food, Beverage + Tobacco Products) 

•     'Trade confusion. At any given point, trade with our international partners is clouded and difficult. Suppliers are finding more and more errors when attempting to export to the U.S. -- before I even have the opportunity to import. Freight organizations are also having difficulties overseas, contending with changing regulations and uncertainty. Conditions are more trying than during the coronavirus pandemic in terms of supply chain uncertainty.'
   (Electrical Equipment, Appliances + Components) 

•     'Domestic and export business have been lackluster. Our customers are taking prompt orders only and still don’t have confidence to build inventory, much less make expansion plans. In fact, most of any kind of ‘planning’ has been undermined by unpredictability due to inconsistent messaging from Washington. Artificial intelligence is in its infancy stages, producing confusing and most often inaccurate information. This also causes apprehensive consumer buying patterns, contributing to the challenge of forecasting demand.'
   (Wood Products)
  

==========

CHART: ISM Manufacturing Index
November 2025 Update

=========

DATA: ISM Manufacturing Index

12-Month History
November 2025 Update

=========

=========

• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for OCTOBER 2025

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for October, 2025:

=========

Predicted: 49.0%

• Actual: 48.7% (-0.4 point month-on-month change)

=========

Previous month: 49.1%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector contracted in October for the eighth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report..."

=========

The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

•     'Business continues to remain difficult, as customers are cancelling and reducing orders due to uncertainty in the global economic environment and regarding the ever-changing tariffs landscape.'
   (Chemical Products)
  

•     'Decrease in domestic demand for finished products has resulted in slower manufacturing and an increase of raw material in inventory.'
   (Petroleum & Coal Products)
  

•     'In general, business is really strained. Money is sitting tighter, and geopolitical changes add to the uncertainty/risk factor. Even medical fields are feeling the pressure.'
   (Miscellaneous Manufacturing)
  

•     'Sales continue to underperform in our automotive OEM and industrial divisions. Our aerospace and automotive aftermarket are the only areas performing slightly above budget. This is the third month of lower-than-expected sales, and the remainder of the year outlook is not looking better. Sales are expected to be slightly less than in 2024.'
   (Fabricated Metal Products)
  

•     'Tariffs continue to be a large impact to our business. The products we import are not readily manufactured in the U.S., so attempts to reshore have been unsuccessful. Overall, prices on all products have gone up, some significantly. We are trying to keep up with the wild fluctuations and pass along what costs we can to our customers.'
   (Machinery)
  

•     'The commercial vehicle (CV) market remains depressed as customers continue to delay vehicle purchases. Uncertainty in price and transportation demand remains the center of attention. U.S. trade policy and reciprocal actions by China in the form of export controls on rare earths and semiconductors, as well as ocean freight carrier restrictions, have once again caused a lot of stress in supply lines. The CV industry is now bracing for the next round of tariffs focused on commercials vehicles, scheduled to begin on November 1.'
   (Transportation Equipment)
  

•     'The tariff trade war has negatively impacted agricultural export markets, driving down demand and price. This negatively impacts farmer revenue and the likelihood of farmers investing in new equipment.'
   (Machinery)
  

•     'The unpredictability of the tariff situation continues to cause havoc and uncertainty on future pricing/cost. But even with the tariffs, the cost to import in many cases is still more attractive than sourcing within the U.S. Challenges with tariffs on production equipment necessary for internal production makes it difficult to justify expansion of capacity.'
   (Computer & Electronic Products) 

•     'Volatility in some of our highly exposed commodity markets has tempered a bit, thanks to improved weather conditions and overall downward pressure on pricing. Tariffs continue to remain difficult to quantify, manage and deal with in general, since they continue to impact us day-to-day and our bottom line.'
   (Food, Beverage & Tobacco Products) 

•     'Wonder has turned to concern regarding how the tariff threats are affecting our business. Orders are down across most divisions, and we’ve lowered our financial expectations for 2025.'
   (Chemical Products)

==========

CHART: ISM Manufacturing Index
October 2025 Update

=========

DATA: ISM Manufacturing Index
12-Month History
October 2025 Update

=========

=========

• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for SEPTEMBER 2025

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for September, 2025:

=========

Predicted: 49.0%

• Actual: 49.1% (+0.4 point month-on-month change)

=========

Previous month: 48.7%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector contracted in September for the seventh consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report..."

=========

The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

•     'Business continues to be severely depressed. Profits are down and extreme taxes (tariffs) are being shouldered by all companies in our space. We have increased price pressures both to our inputs and customer outputs as companies are starting to pass on tariffs via surcharges, raising prices up to 20 percent. The addition of the derivative steel and aluminum tariffs in the middle of the month -- with no announcement -- was devastating. Interest-rate lowering or the ‘One Big Beautiful Bill’ will not impact our business, as all capital projects are on hold until there is some level of certainty and customers start to place orders for new equipment again. We believe we are in a stagflation period where prices are up but orders are down due to tariff policy, and again, customers are not willing to pay the higher prices, so they are just not buying. Continuing to find ways to reduce overhead, which means letting go of experienced workers.'
   (Transportation Equipment)
  

 

•     'The tariffs are still causing issues with imported goods into the U.S. In addition to the cost concerns, product is being held up at borders due to documentation issues. The inflation issues continue; low volumes are a constant concern. The European region is not improving as we had expected, causing further concern for long-term business viability.'
   (Chemical Products)
  

 

•     'Ongoing macroeconomic conditions highlighted by interest-rate management and tariffs continue to impact customer purchasing decisions, resulting in subdued production rates and growing cost concerns on direct material and operations.'
   (Machinery)
  

 

•     'Lead times have slightly normalized, but tariffs continue to drive additional spend.'
   (Petroleum & Coal Products)
  

 

•     'Customer orders are depressed for heavy machinery because tariffs are so impactful to high-end capital equipment. Revenue expectations are flat for the rest of 2025, with no outlook to improve in 2026.'
   (Electrical Equipment, Appliances & Components)
  

 

•     'Current business conditions remain volatile, with geopolitical tensions, weather disruptions and shifting trade policies driving uncertainty in agricultural commodities. Oils remain sensitive to biofuel demand and global production. Inflation and evolving consumer trends add further complexity. To manage this, we are emphasizing supplier diversification, long-term contracts and formula-based pricing to balance cost stability with flexibility.'
   (Food, Beverage & Tobacco Products)
  

 

•     'The semiconductor industry is being impacted by high tariff prices on parts from Korea, China and Europe. Our industry is at a low point right now as we race to get new nanotechnology in the U.S.'
   (Computer & Electronic Products)
  

 

•     'Business is slowing down. Order books are softening as customers push orders out. Seems to be stemming from concerns about the direction of the U.S. economy.'
   (Plastics & Rubber Products)
  

 

•     'Tariffs still affecting vast amounts of increases in hardware, Al (artificial intelligence) and stainless steel. MRO (maintenance, repair and operating) products have continually increased, and the slowdown in agriculture has had stark impacts on bottom lines for raw materials.'
   (Fabricated Metal Products) 

•     'Steel tariffs are killing us.'
   (Miscellaneous Manufacturing)
  
  

==========

CHART: ISM Manufacturing Index
September 2025 Update

=========

DATA: ISM Manufacturing Index
12-Month History
September 2025 Update

=========

=========

• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for August 2025

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for August, 2025:

=========

Predicted: 49.0%

• Actual: 48.7% (+0.7 point month-on-month change)

=========

Previous month: 48.0%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector contracted in August for the sixth consecutive month, following a two-month expansion preceded by 26 straight months of contraction, say the nation's supply executives in the latest ISM® Manufacturing PMI® Report..."

=========

The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

•     ' A 50-percent tariff on imports from Brazil, combined with the U.S. Department of Agriculture’s elimination of the specialty sugar quota, means certified organic cane sugar -- and everything made with it -- is about to get significantly more expensive.'
    (Food, Beverage + Tobacco Products)
  

 

•     ' Orders across most product lines have decreased. Financial expectations for the rest of 2025 have been reduced. Too much uncertainty for us and our customers regarding tariffs and the U.S./global economy.'
    (Chemical Products)
  

 

•     'Tariffs continue to be unstable, with suppliers adding surcharges ranging between 2.6% to 50%.'
    (Petroleum + Coal Products)
  

 

•     'Tariffs continue to wreak havoc on planning/scheduling activities. New product development costs continue to increase as unexpected tariff increases are announced -- for example, 50% duties on imports from India, and increases to all countries up from original 10%. Our materials/supplies are now rising in price, so our sell pricing is again being reviewed to ensure we keep a sustainable margin.
  
  Plans to bring production back into U.S. are impacted by higher material costs, making it more difficult to justify the return.'
    (Computer & Electronic Products)
  

 

•     ' The construction industry, especially home building, is still at a lower level. With new construction at a low level, our new sales are impacted. We are mainly now relying on replacement business. Cost of goods sold is higher due to tariff-impacted goods.'
    (Machinery)
  

 

•     "Domestic sales remain flat but are down four percent from plan by unit volume [tariff pricing].
  
  Export demand is falling as customers do not accept tariff impacts, which likely will require some production transfers out of the U.S. Supplier deliveries remain consistent with ocean shipping costs dropping significantly.
  
  Tariff costs have biggest financial impact but also costs of copper and of steel products.'
   (Fabricated Metal Products)
  

 

•     ' The trucking industry continues to contract. Our backlog continues to shrink as customers continue to hold off on buying new equipment. This current environment is much worse than the Great Recession of 2008-09. There is absolutely no activity in the transportation equipment industry.
  
  This is 100% attributable to current tariff policy and the uncertainty it has created. We are also in stagflation: Prices are up due to material tariffs, but volume is way off.'
    (Transportation Equipment)
  

 

•     ' Very tentative domestic market, with home building and remodeling not very active at all. Inflation, among other factors, is starting to impact consumer buying power, leading to negative signs for our order files. International markets are upended due to the unpredictability of on-again, off-again tariff activity.'
    (Wood Products)
  

 

•     ' We’ve implemented our second price increase. "Made in the USA" has become even more difficult due to tariffs on many components. Total price increases so far: 24%; that will only offset tariffs.
  
  No influence on margin percentage, which will actually drop. In two rounds of layoffs, we have let go of about 15 percent of our U.S. workforce. These are high-paying and high-skilled roles: engineers, marketing, design teams, finance, IT and operations.
  
  The administration wants manufacturing jobs in the U.S., but we are losing higher-skilled and higher-paying roles. With no stability in trade and economics, capital expenditures spending and hiring are frozen. It’s survival.'
    (Electrical Equipment, Appliances + Components)
  

 

•     ' There is still uncertainty in the construction market. Large expansions or investment are hampered by the unknown of costing and the economy. The markets we operate in can be strong short term, but there is an underlying feeling that has you questioning for how long.'
    (Nonmetallic Mineral Products)

==========

CHART: ISM Manufacturing Index
August 2025 Update

=========

• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for June 2024

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for June 2024:

=========

Predicted: 49.0%

• Actual: 48.5% (-0.2 point month-on-month change)

=========

Previous month (revised): 48.7%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector contracted in June for the third consecutive month and the 19th time in the last 20 months, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®..."

=========

The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

•     'High volume of customer orders.'
   [Chemical Products]
  

•     'Customers continue to cut orders with short notice, causing a ripple effect throughout lower-tier suppliers.'
   [Transportation Equipment]
  

•     'Consumer demand and inventories are no longer stable at retail and food service establishments.'
   [Food, Beverage + Tobacco Products]
  

•     'While orders are still steady, inventory from the previous month is enough to satisfy current- and near-term commitments.'
   [Computer + Electronic Products]
  

•     'Customers ordering more to create buffer stocks (in case of) future shortages.'
   [Electrical Equipment, Appliances + Components]
  

•     'Order levels in two of our main divisions are indicating weak demand, and now we must work to reduce inventory levels.'
   [Fabricated Metal Products]
  

•     'Sales backlog is decreasing. We have furloughed a portion of our workforce as a result.'
   [Machinery]
  

•     'The level of production is lower due to decreased demand for products.'
   [Miscellaneous Manufacturing]
  

•     'Elevated financing costs have dampened demand for residential investment. We have reduced inventories of production components.'
   [Wood Products]
  

•     'Orders have increased slightly due to seasonal restocking.'
   [Plastics + Rubber Products]
  

==========

 

CHART: ISM Manufacturing Index
 June 2024 Update

=========

• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for April 2022

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for April 2022:

=========

Predicted: 57.0%

• Actual: 55.4% (-1.7 point month-on-month change)

=========

Previous month (revised): 57.1%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...The April Manufacturing PMI® registered 55.4%. This is the lowest reading since the July 2020 (53.9%.)

Economic activity in the manufacturing sector grew in April, with the overall economy achieving a 23rd consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®..."

=========

The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

• "...'Tier-2 supplier shutdowns in Shanghai are causing a ripple effect for our suppliers in other parts of China. Long delays at ports, including in the U.S., are still providing supply challenges. Inflation is out of control. Fuel costs, and therefore freight costs, are leading the upward cycle. At some point, the economy must give way; it will be tough to have real growth with such pressure on costs. Despite the issues and poor outlook, business remains brisk.'
   [Chemical Products]
  

 

• 'Continued strong demand with improvements in the supply chain. Delays still exist, but supply issues are slowly improving. Cost increases in multiple categories.'
   [Transportation Equipment]
  

 

• 'Supply chain is still constrained, and prices continue to rise. We are focusing on ways to stay profitable while continuing to fill customer orders. Relationship management and strong negotiation skills are extremely important right now.'
   [Food, Beverage + Tobacco Products]
  

 

• 'New order entries are still very strong. Unfortunately, logistics issues have (not) yet improved, so lead times remain extended.'
   [Machinery]
  

 

• 'Due to electronic component supply chain issues, production output has been lower than normal. Backlog is growing due to the supply chain issues. New order sales are steady, except international orders are lower.'
   [Fabricated Metal Products]
  

 

• 'Business is strong. Backlog continues to grow due to new orders and inconsistent supply chain conditions. Shortages of components are the main factor limiting our production.'
   [Electrical Equipment, Appliances + Components]
  

 

• 'The shutdowns in China due to a new COVID-19 wave are causing supply concerns for late second quarter and early third quarter. We have extended lead times to customers and are ordering product from China to cover demand through Q4 and early 1Q 2023.'
   [Miscellaneous Manufacturing]
  

 

• 'Overall, improvements in supply chain are occurring on larger scale items, but we see suppliers that sell us low-volume items struggling in some cases with getting feed stocks and raw materials they need. Freight continues to plague things as well.'
   [Nonmetallic Mineral Products]
  

 

• 'Business is still very robust. Material price increases continue to be passed on (to customers) based on costs of raw materials, logistics and labor to produce products.'
   [Plastics + Rubber Products]..."

==========

 

CHART: ISM Manufacturing Index - April 2022 Update

=========

• Click here to view the complete ISM report

=========

 

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ISM Manufacturing Index for March 2022

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for March 2022:

=========

Predicted: 58.0%

• Actual: 57.1% (-1.5 point month-on-month change)

=========

Previous month (revised): 58.6%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector grew in March, with the overall economy achieving a 22nd consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®..."

=========

The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

• "...'No letup yet in supply chain challenges, especially electronic components. Relying more and more on the broker market.'
   [Computer + Electronic Products]
  

 

• 'Customer orders are brisk in the face of significant price increases, while we continue to struggle with inbound supplier service and raw material availability issues.'
   [Chemical Products]
  

 

• 'Generally speaking, the business environment is slowly improving for aerospace component manufacturers. Supply chain disruptions and still-extending lead times continue to keep purchasing busy. This further causes reevaluation of the current year’s business plan and cost assumptions.'
   [Transportation Equipment]
  

 

• 'Overall business conditions are challenging in both domestic and international transportation. The Russian invasion of Ukraine has created uncertainty in the grain markets, causing upward pricing pressure. In addition, inflationary pressures across all categories have made it challenging to manage cost and profitability.'
   [Food, Beverage + Tobacco Products]
  

 

• 'Prices are increasing on steel and steel products after a slight decrease from highs last month. Transportation costs are going up significantly with the increase in fuel prices.'
   [Machinery]
  

 

• 'Backlog continues to be strong as we ship delinquent orders resulting from COVID-19 slowdowns.' [Fabricated Metal Products]
  'Demand continues to be strong. Backlog is still increasing -- currently at about three months of production. Availability of purchased material continues to constrain production, causing the increased backlog.'
   [Electrical Equipment, Appliances + Components]
  

 

• 'Business continues to be strong, with incoming sales higher but still combating labor and material issues like availability and inflation. Still determining impact of the Russian invasion of Ukraine.'
   [Furniture + Related Products]
  

 

• 'The supply situation is getting worse, with lead times extending over 12 months, material not available, and suppliers not quoting or taking orders. Prices on the rise daily.'
   [Miscellaneous Manufacturing]
  

 

• 'Supply chain is still unstable. While we have seen improvements, there are still a lot of issues that have yet to be resolved.'
   [Primary Metals]..."

==========

CHART: ISM Manufacturing Index
March 2022 Update

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• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for February 2022

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for February 2022:

=========

Predicted: 58.0%

• Actual: 58.6% (+1.0 point month-on-month change)

=========

Previous month (revised): 57.6%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector grew in February, with the overall economy achieving a 21st consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®..."

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The Following Is A Sampling Of Quotes
From A Diverse Pool Of U.S. Manufacturers:

• "...'Electronic supply chain is still a mess.'
   [Computer + Electronic Products]
  

 

• 'Strong sales growth as retail continues to return.'
   [Chemical Products]
  

 

• 'Demand for transportation equipment remains strong. Supply of transportation services continues to be a major issue for the supply chain.'
   [Transportation Equipment]
  

 

• 'Strong demand has continued beyond our traditional seasonality curves. Coupled with the continuing difficulties in procurement of ocean freight, operational planning and managing costs are our biggest challenges.'
   [Food, Beverage + Tobacco Products]
  

 

• 'We have seen year-over-year revenue growth of about 10 percent due to markets coming back. However, in the automotive area, the microchip shortage is causing slowness in growth.'
   [Machinery]
  

 

• 'Demand for steel products has increased to historic levels, driven by the automotive and energy industries.'
   [Fabricated Metal Products]
  

 

• 'We are expecting a year of strong demand, higher prices and continued supply chain challenges.'
   [Textile Mills]
  

 

• 'Demand continues to be strong, increasing our backlog. Production has been more consistent due to availability of parts, but we are not able to increase builds to cut into the backlog.'
   [Electrical Equipment, Appliances + Components]
  

 

• 'Business conditions are good, demand remains strong, and we continue to be challenged to keep up with demand.'
   [Miscellaneous Manufacturing]
  

 

• 'Business is still strong. Facing logistics and raw material supply chain issues with some products.'
  [Plastics + Rubber Products]..."

 =========

CHART: ISM Manufacturing Index
February 2022 Update

=========

• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for January 2022

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for January 2022:

=========

Predicted: 58.0%

• Actual: 57.6% (-1.2 points month-on-month change)

=========

Previous month (revised): 58.8%

=========

Every month, the ISM surveys purchasing and supply executives at hundreds of companies across the country who are involved in manufacturing in some form. The resulting index is watched closely by academics, economists and investors because manufacturing accounts for about 12% of U.S. Gross Domestic Product (GDP).

The PMI is a reliable barometer of U.S. manufacturing: A PMI above 50% implies that U.S. manufacturing expanded during the month specified, while a reading below 50% implies that the made-in-the-USA sector contracted.

=========

From Today's Report:

"...Economic activity in the manufacturing sector grew in January, with the overall economy achieving a 20th consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®..."

 =========

The following is a sampling of quotes from a diverse pool of U.S. manufacturers:

• "...'We are experiencing massive interruptions to our production due to supplier COVID-19 problems limiting their manufacturing of key raw (materials) like steel cans and chemicals.'
   [Chemical Products]
  

 

•  'While there has been some improvement in materials making it to our factories and logistics centers, we are still constrained by (a lack of) qualified labor. Orders so far are not being cancelled, but we are concerned that customers may be losing patience.'
   [Computer + Electronic Products]
  

 

•  'Transportation, labor and inflation issues continue to hamper our supply chain and ability to service our customers. Fortunately, it’s also hampering our competition as well. Ultimately, the biggest impact is at the consumer level, as (price increases) continue to get passed through.'
   [Transportation Equipment]
  

 

•  'Our suppliers are having difficulty meeting scheduled releases as their suppliers experience delays and shortages, so lead times and inventories are struggling, resulting in lost production.'
   [Food, Beverage + Tobacco Products]
  

 

•  'Lack of skilled production personnel, either from missing work due to (COVID-19) variants or leaving for better opportunities, making it more difficult to complete work. Working off a backlog.'
   [Fabricated Metal Products]
  

 

•  'Strong backlog of orders coming into the new year. Potential to beat target revenue, depending on availability of purchased product.'
   [Electrical Equipment, Appliances + Components]
  

 

•  'Bookings continue to increase as we are still dealing with a shortage of labor and supply chain issues.'
   [Furniture + Related Products]
  

 

•  'Transportation restrictions and a lack of supplier manpower continue to create significant shortages that limit our production. This, in turn, limits what we can supply to customers, as well as on-time delivery.'
   [Machinery]
  

 

•  'Integrated circuit availability is really causing issues. Shortages of raw materials and other electronic materials continue to hamper deliveries to our customers.'
   [Miscellaneous Manufacturing]
  

 

•  'The supply chain crunch may be loosening a bit; however, specific original equipment manufacturer (OEM) parts and equipment now have lead times that we have not experienced before.'
   [Nonmetallic Mineral Products]..."

 =========

 
 CHART: ISM Manufacturing Index
January 2022 Update

=========

• Click here to view the complete ISM report

=========

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