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Wednesday, September 1, 2021

ISM Manufacturing PMI ticks higher, beats consensus, Modest miss for PMI manufacturing index

  • August ISM Manufacturing Index: 59.9 vs 59.0 expected and 59.5 prior.
  • New Orders to 66.7 from 66.0.
  • Production to 60.0 from 58.4.
  • Employment to 49.0 from 52.0.
  • Supplier Deliveries 69.5 from 72.5.
  • August PMI Manufacturing Index: 61.1, vs. 61.2 consensus, 63.4 prior.
  • PMI gauge was slightly softer than that seen in July, the expansion was supported by steep upturns in production and new orders.
  • New orders continued to increase midway through the third quarter, as client demand rose markedly.

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