Updated: 01-Jul-21 10:47 ET
| June ISM Manufacturing Index |
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| Updated: 01-Jul-21 10:47 ET |
Highlights
- The June ISM Manufacturing Index checked in at 60.6% (Briefing.com consensus 61.0%), down from 61.2% in May.
- A number above 50.0% is indicative of expansion. June marked the 13th straight month of expansion for the manufacturing sector, albeit at a slightly slower pace than what was seen in May.
Key Factors
- The New Orders Index slipped to 66.0% from 67.0%.
- The Production Index increased to 60.8% from 58.5%.
- The New Export Orders Index climbed to 56.2% from 55.4%.
- The Employment Index fell to 49.9% from 50.9%, which is the first contraction in seven months.
- The Prices Index jumped to 92.1% from 88.0%, which is the highest level since July 1979.
Big Picture
- The key takeaway from the report is that it has validated the continuation of several trends: the manufacturing sector remains strong, inflation pressures are still prominent, and there is still difficulty in finding workers to meet the demand.
| Category | JUN | MAY | APR | MAR | FEB |
| Total Index | 60.6 | 61.2 | 60.7 | 64.7 | 60.8 |
| Orders | 66.0 | 67.0 | 64.3 | 68.0 | 64.8 |
| Production | 60.8 | 58.5 | 62.5 | 68.1 | 63.2 |
| Employment | 49.9 | 50.9 | 55.1 | 59.6 | 54.4 |
| Deliveries | 75.1 | 78.8 | 75.0 | 76.6 | 72.0 |
| Inventories | 51.1 | 50.8 | 46.5 | 50.8 | 49.7 |
| Export Orders | 56.2 | 55.4 | 54.9 | 54.5 | 57.2 |
| Prices paid (not seas adj) | 92.1 | 88.0 | 89.6 | 85.6 | 86.0 |
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