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Purchasing Managers Index: Difference between revisions
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== '''ISM''' == | == '''ISM''' == | ||
=== May 2023 === | |||
==== Manufacturing ==== | |||
The May Manufacturing PMI registered 46.9 percent, 0.2 percentage point lower than the 47.1 percent recorded in April. Regarding the overall economy, this figure indicates a sixth month of contraction after a 30-month period of expansion. <ref>https://www.ismworld.org/supply-management-news-and-reports/reports/ism-report-on-business/pmi/may/</ref> | |||
* The ISM survey's forward-looking new orders sub-index dropped to 42.6 last month from 45.7 in April. | |||
* Prices paid by manufacturers decreased to 44.2 from 53.2 in the prior month. | |||
* The survey's gauge of factory employment increased to 51.4 from 50.2 in April. | |||
=== April 2023 === | === April 2023 === | ||
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* The ISM said 73% of manufacturing gross domestic product was contracting, up from 70% in March. | * The ISM said 73% of manufacturing gross domestic product was contracting, up from 70% in March. | ||
* ISM also noted that fewer industries contracted sharply. | * ISM also noted that fewer industries contracted sharply. | ||
==== Services ==== | |||
=== March 2023 === | === March 2023 === | ||
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US manufacturing sector remained in contraction territory in February as ISM Manufacturing PMI was little changed at 47.7 versus 47.4 in January. Reuters economists were expecting the reading to be 48.0. New orders rose from 42.5 in the previous month to 47.0 in February. The survey indicated that inflation could remain elevated as prices index rose from 44.5 in January to 51.3 last month<ref>https://www.reuters.com/markets/us/us-manufacturing-sector-contracts-february-ism-2023-03-01/</ref>. | US manufacturing sector remained in contraction territory in February as ISM Manufacturing PMI was little changed at 47.7 versus 47.4 in January. Reuters economists were expecting the reading to be 48.0. New orders rose from 42.5 in the previous month to 47.0 in February. The survey indicated that inflation could remain elevated as prices index rose from 44.5 in January to 51.3 last month<ref>https://www.reuters.com/markets/us/us-manufacturing-sector-contracts-february-ism-2023-03-01/</ref>. | ||
'''S&P''' | == '''S&P''' == | ||
On February 21 2022, S&P Global announced that February U.S. PMI Composite came in 50.2 versus 47.5 consensus and 46.8 in January. This ended the seven months of the index coming below the 50 mark that seperates contraction and expansion. Both the service and manufacturing PMI also saw growth. Service PMI grew from 46.8 in January to 50.5, above the consensus estimate of 47.2. On the other hand, Manufacturing PMI came in 47.8 versus 47.1 consensus and 46.9 in January. Similarly, the measure of prices paid by businesses for inputs declined to 60.6 in February from a final reading of 63.0 in January<ref>https://finance.yahoo.com/news/u-business-activity-rebounds-eight-150453541.html</ref>. | On February 21 2022, S&P Global announced that February U.S. PMI Composite came in 50.2 versus 47.5 consensus and 46.8 in January. This ended the seven months of the index coming below the 50 mark that seperates contraction and expansion. Both the service and manufacturing PMI also saw growth. Service PMI grew from 46.8 in January to 50.5, above the consensus estimate of 47.2. On the other hand, Manufacturing PMI came in 47.8 versus 47.1 consensus and 46.9 in January. Similarly, the measure of prices paid by businesses for inputs declined to 60.6 in February from a final reading of 63.0 in January<ref>https://finance.yahoo.com/news/u-business-activity-rebounds-eight-150453541.html</ref>. | ||