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

=========

• 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®..."

=========

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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ISM Manufacturing Index for October 2021

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for October 2021:

=========

Predicted: 59.9%

• Actual: 60.8% (-0.3 point month-on-month change)

=========

Previous month: 61.1%

=========

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 grew in October, with the overall economy achieving a 17th 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:

• "...'Global supply chain issues continue. Getting anything from China is near impossible -- extreme delays. Microchip and circuit breaker shortages continue and are expected to continue into 2022.'
   [Computer + Electronic Products]
  

 

• 'Business is getting stronger, but the supply chain is getting worse every day.'
   [Chemical Products]
  

 

• 'Strong sales continue; however, we have diverted chips (semiconductors) to our higher-margin vehicles and stopped or limited the lower-margin vehicle production schedules.'
   [Transportation Equipment]
  

 

• 'Import costs and delays hurting business, requiring more safety stock for uncertainty. Rolling blackouts in China starting to hurt shipments even more.'
   [Food, Beverage + Tobacco Products]
  

 

• 'Domestic original equipment manufacturer (OEM) capital-expenditure spending is trending up for our business. We are seeing an increase of capital equipment with life spans of more than 10 years in the fourth quarter.'
   [Fabricated Metal Products]
  

 

• 'Demand continues to be strong, but we continue to be held back by supply chain issues — logistics delays, as well as capacity and labor issues at suppliers.'
   [Electrical Equipment, Appliances + Components]
  

 

• 'Business remains strong, with brisk incoming orders. We have become much more supply driven versus demand driven, due to shortages of labor, materials and freight. Costs continue to increase on all fronts, and we are considering our third price increase of the year for our customers.'
   [Furniture + Related Products]
  

 

• 'Customer demand remains high. COVID-19 related supply chain issues still hamper our ability to meet demand. Labor is still difficult for our suppliers to obtain, and labor costs are rising.'
   [Machinery]
  

 

• 'Demand for our products remains strong, but we continue to struggle to secure enough raw material to keep our manufacturing lines running.'
   [Miscellaneous Manufacturing]
  

 

• 'My prediction is that 2022 will be very similar to 2021 — similar demand, constrained supply, restricted logistics and rampant inflation.'
   [Plastics + Rubber Products]..."

 =========

ISM Manufacturing Index - 12 Month History
October 2021 Update

=========

• Click here to view the complete ISM report

=========

 

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ISM Manufacturing Index for July 2021

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for July 2021:

=========

Predicted: 60.0%

• Actual: 59.5% (-1.1 points month-on-month change)

=========

Previous month: 60.6%

=========

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 June, with the overall economy notching a second month of growth after one month of contraction, 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:

• “Business levels continue to exhibit strong demand, with no signs of backing down. Purchases continue to have long lead times due to shortages of raw materials and labor force, as well as logistics challenges. Increased costs are being passed to customers.”
  [Computer & Electronic Products]
  

 

• “Supply chains are slowly, very slowly filling up. Like a water hose, starting upstream and slowly flowing downstream. Rumor is a full return to ‘normal’ may be nearer to year’s end, but the situation is progressing. Transportation (equipment and drivers) is the current pinch point, more so than material shortages.”
  [Chemical Products]

 

• “Strong sales continue, and inventories are low as the chip shortage is keeping production numbers down -- we have idled several of our assembly plants to reduce the strain on the chip supply base.”
  [Transportation Equipment]

 

• “Still dealing with price increases from force majeure issues as well as overseas shipping premiums and higher costs of items like fuel. Customer demand still high; pushing plant to max production rates.”
  [Food, Beverage & Tobacco Products]

 

• “Strong operations, (with) new programs, orders and launches. Continue to have hiring difficulties and are unable to fill production and salaried jobs (due to) a lack of candidates. Raw materials are still in short supply, with longer lead times.”
  [Fabricated Metal Products]

 

• “Incoming bookings continue to be strong, and economy continues to return. Still struggling with inflation and availability (of materials, labor and freight).”
  [Furniture & Related Products]

 

• “Sales are above last year by a good percentage, but meeting demand is just not possible due to force majeure situations, logistics, and labor shortages. We don’t anticipate this ending until well into 2022.”
  [Nonmetallic Mineral Products]
  

 

• “Supply chain continues to be extremely challenging in a variety of categories. Having to place orders months ahead of time just to get a place in line.”
  [Machinery]

 

• “Very busy with new orders. Material costs continue to rise, and supplies are sometimes delayed. Labor issues are still affecting us the most with finding proper labor. Labor— costs are increasing as we are competing locally for top talent.”
  [Miscellaneous Manufacturing]

 

• “Business levels continue to be very strong, but we also continue to struggle finding employees. We can only fill 75 percent of our order requirements due to the labor shortage.” [Primary Metals]

 =========

ISM Manufacturing Index - 12 Month History
July 2021 Update

=========

• Click here to view the complete ISM report

=========

 

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ISM Manufacturing Index for June 2020

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for June 2020:

=========

Predicted: 50.0%

• Actual: 52.6% (+9.5 points month-on-month change)

=========

Previous month: 43.1%

=========

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 grew in June, with the overall economy notching a second month of growth after one month of contraction, 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:

•     “While we are seeing signs of an uptick in business activity, it is a slow recovery at this point.”
   (Chemical Products)

•     “Gradually ramping production back in our plants. Most of our supply base continued to operate during COVID-19, so we are not seeing a significant supply risk. Will be monitoring supply chain financial health closely.”
   (Transportation Equipment)

•     “Thankfully, we are in quite a few industries, so impact wasn't as harsh on us and more stable. However, during the last two weeks, our bookings have grown, and supply seems to be more readily available.”
   (Fabricated Metal Products)

•     “Difficulty keeping up with a significant increase in demand related to COVID-19. Industry is up 62.5 percent versus [a] year ago. Supply challenges throughout the supply chain. Supply could be hindered if another wave of COVID-19 hits in the fall.”
   (Food, Beverage + Tobacco Products)

•     “Market demand for refined products has increased as statewide quarantines have been lifted, but it is still below normal volumes.”
   (Petroleum + Coal Products)

•     “Orders have picked up and are trending toward normal production requirements [volume similar to 2019 production].”
   (Plastics + Rubber Products)

•     “We are seeing an increase in orders as the economy starts to get rolling again. Slow and steady, sales are increasing. So far, so good.”
   (Primary Metals)

•     “Looks like May was the bottom in terms of orders. June is stronger, and our order books are rebuilding.”
   (Machinery)

•     “Demand is down significantly due to COVID-19 but is starting to stabilize. We are hopeful for recovery in the second half of the year.”
   (Miscellaneous Manufacturing)

•     “The building industry continues to defy expectations, as we continue to rebound stronger from the previous month. Being an essential business across most states and a surge in DIY projects has fueled the industry forward. While the industry will follow the greater economy, we do believe it will be more resilient than most due to potential migration from larger cities and an under-supplied housing market.”
   (Wood Products)

 =========

ISM Manufacturing Index - 12 Month History
June 2020 Update

=========

• Click here to view the complete ISM report

=========

 

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ISM Manufacturing Index for May 2020

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for May 2020:

=========

Predicted: 43.0%

• Actual: 43.1% (+1.6 points month-on-month change)

=========

Previous month: 41.5%

=========

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 May, and the overall economy returned to expansion after one month of contraction, 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:

•     “Despite the COVID-19 issues, we are seeing an increase of quoting activity. This has not turned into orders yet, but it is a positive sign.”
   (Computer + Electronic Products)

•     “Current conditions in the automotive, construction, oil and gas, agriculture equipment, and tube/pipe markets are all adversely impacting our business results.”
   (Chemical Products)

•     “We see an issue with suppliers that are affecting production. At the same time, social distancing measures in [the] manufacturing plant and customer demand are impacting the rate of production.”
   (Transportation Equipment)

•     "Increased COVID-19 sales in the food business has really stressed our production capabilities.”
   (Food, Beverage + Tobacco Products)

•     “Fuel sales demand are beginning to rebound in May as stay-at-home orders are lifted across the country.”
   (Petroleum + Coal Products)

•     “Returning to full production for automotive, ramp-up will still depend on speed of automotive start-ups. We have built up inventory to stock. Ready to ship.”
   (Fabricated Metal Products)

•     “Business activity remains strong for consumable applications and very weak in durable segments.”
   (Plastics + Rubber Products)

•     “We have been fortunate that most of our customer base is considered to be a part of the critical workforce, so we have been running at around 80 percent of our normal production volume.”
   (Primary Metals)

•     “Getting out from under several suppliers being closed worldwide. Also, looking at what really needs to be in China.” (Machinery)

•     “We see a lot of positive signs, despite what's going on. People seem to continue to be building and looking to projects for fall of 2020 and beyond. There is good optimism out there.”
   (Nonmetallic Mineral Products)

=========

ISM Manufacturing Index - 12 Month History
May 2020 Update

=========

• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for April 2020

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for April 2020:

Predicted: 42.0%

• Actual: 41.5% (-7.6 points 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 April, and the overall economy contracted after 131 consecutive months of expansion, 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:

•     “Thirty-percent decrease for April due to COVID-19 impact on both customers and suppliers.”
   (Computer + Electronic Products)

•     “Production stopped, other than to make hand sanitizer for those in need.”
   (Chemical Products)

•     “COVID-19 has created a wave of activities, including vendors closing, vendors focusing only on the medical industry, employees not coming to work, delayed shipments from overseas, [and] etcetera.”
   (Transportation Equipment)

•     “The food processing B2B space remains steady. We are weathering the storm. There is a fortunate increased need for packaged foods. Softening is showing through in some products that find their way into food service and lodging.”
   (Food, Beverage + Tobacco Products)

•     “Our refinery is losing money making gasoline due to the falling demand.”
   (Petroleum + Coal Products)

•     “We supply the construction industry in various ways, where the slowdown has been a bit slower than most industries. It is, however; beginning to impact our business, and we see more challenges on the horizon.”
   (Fabricated Metal Products)

•     “The company I work for manufactures personal protective equipment [PPE], specifically N95 masks, face shields, as well as selling protective clothing and hand protection. In the area of PPE, our backlog has spiked to numbers we have never seen. While no doubt some of the backorders will be canceled, many of the orders are longer term commitments from [the] U.S. government.”
   (Apparel, Leather + Allied Products)

•     “Our packaging business is starting to see signs of a slowdown in May after two strong months into COVID-19.”
   (Paper Products)

•     “COVID-19 has destroyed our market and our company. Without a full recovery very soon, and some assistance, I fear for our ability to continue operations.”
   (Nonmetallic Mineral Products)

•     “Dealing with the effects of coronavirus and having 65 percent of our operations down.”
   (Furniture + Related Products)
  

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ISM Manufacturing Index - 12 Month History
April 2020 Update

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• Click here to view the complete ISM report

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ISM Manufacturing Index for March 2020

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for March 2020:

Predicted: 44.0%

• Actual: 49.1% (-1.0 point month-on-month change)

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Previous month: 50.1%

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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.

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From Today's Report:

"...Economic activity in the manufacturing sector contracted in March, and the overall economy grew for the 131st consecutive month, 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:

•     “COVID-19 is impacting China’s raw material supply chain. We are now seeing revenue impact in that region. Our operations team is reviewing plans for spread of the virus.”
   (Computer + Electronic Products)

•     “The two main issues affecting our business [are] COVID-19 and the oil-price war. We are in daily discussions and meeting constantly, updating tracking logs to document high risk concerns.”
   (Chemical Products)

•     “COVID-19 impact has extended to Europe and North America. The virus escalation is affecting our purchasing and logistics operations. We have incurred air-shipment and production interruptions due to shortages of raw materials and components.”
   (Transportation Equipment)

•     “We are experiencing a record number of orders due to COVID-19.”
   (Food, Beverage + Tobacco Products)

•     “World demand for petroleum products is declining, while supply is ramping up. We have lost supply chain visibility to certain locations.”
   (Petroleum + Coal Products)

•     “COVID-19’s spread in the U.S. may start impacting our domestic business. As for Asian suppliers, they are starting to get back up to speed.”
   (Fabricated Metal Products)

•     “COVID-19 has caused a 30-percent reduction in productivity in our factory.”
   (Machinery)

•     “A big part of our business is hospitality, and we are seeing demand drop and an increase in cancellations.”
   (Nonmetallic Mineral Products)

•     “All North American manufacturing plants have ceased operations or drastically scaled back as a result of customer plant closings and other responses to COVID-19.”
   (Plastics + Rubber Products)

•     “Volumes are down 4.3 percent, and some areas of the supply chain are being affected by the coronavirus.”
   (Furniture + Related Products)
  
  

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ISM Manufacturing Index - 12 Month History
March 2020 Update

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• Click here to view the complete ISM report

=========

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ISM Manufacturing Index for February 2020

Earlier today, the Institute for Supply Management® (ISM®) released their Manufacturing Purchasing Manager's Index (PMI®) for February 2020:

Predicted: 50.4%

• Actual: 50.1% (-0.8 point month-on-month change)

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Previous month: 50.9%

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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, and the overall economy grew for the 130th consecutive month, 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:

•     “There are always supply chain challenges with Lunar New Year shutdowns, and this year is no different. Coronavirus is wreaking havoc on the electronics industry. Companies are delayed in starting up production, which is resulting in longer lead times, constraints and increased pricing. It's a mad dash to dual source stateside in case China isn't back online soon.”
   (Computer + Electronic Products)

•     “January started out strong, but the effects of the virus in China [and] the continued grounding of the 737 Max have suppressed new orders. We are still expected to be flat to slightly up [year-over-year] for 2020 sales, based on those issues.”
   (Chemical Products)

•     “Layoffs are here.”
   (Transportation Equipment)

•     “Coronavirus and its impact on the supply chain: We will see some softness in demand, but also [experience] havoc on items sourced from China that may cause significant delays to production.”
   (Food, Beverage + Tobacco Products)

•     “Energy markets seem to be responding to a potential drop in demand that may be related to responses [to] the coronavirus.”
   (Petroleum + Coal Products)

•     “Coronavirus continues to be front and center as a major supply chain risk to our company. Access to information in China — from our supply base and customers — is slow to come by.”
   (Fabricated Metal Products)

•     “Sales continue to be strong, with the supply base able to support as required. The major concern is the China virus and what that crisis could affect in getting parts. The company is putting plans in place to source out locations, especially in the U.S., for parts.”
   (Machinery)

•     “Business continues to be strong. We had a little January slowdown, but February has been fantastic.”
   (Plastics + Rubber Products)

•     “We have seen an increase of sales for our products.”
   (Furniture + Related Products)

•     “Current favorable forecast to budget for first-quarter sales.”
   (Primary Metals)

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ISM Manufacturing Index - 12 Month History
February 2020 Update

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• Click here to view the complete ISM report

=========

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