Commodities Down in PriceSteel*; and Steel — Hot Rolled (2). Improvements were seen in new orders (67.9 vs 57.5), production (64.8 vs 60.8) and employment (51.5 vs 48.4). Services PMI™ at 56.9%; August 2020 Services ISM® Report On Business®. September’s result was driven by a softer rise in new orders—after August’s United States: ISM manufacturing index hits near two-year high in August September 1, 2020 The Institute for Supply Management (ISM) manufacturing index increased from 54.2 in July to 56.0 in August, beating market expectations of 54.5 and marking the highest reading since November 2018. New Export Orders†ISM®'s New Export Orders Index registered 53.3 percent in August, up 2.9 percentage points compared to the July reading of 50.4 percent. This situation will likely continue at least through the end of the year," says Fiore. Global Consequences of Coronavirus Outbreak Seen in February Data * The ISM Manufacturing Index for February decreased to a barely positive 50.1. APICS Business Outlook Index: A national manufacturing index that surveys several manufacturing firms on a monthly basis. The ISM Manufacturing Index rose to 56.0 in August with new orders soaring to the highest level in more than 16 years. Consequently, the index moved further above the 50-threshold that separates expansion from contraction in the manufacturing sector. The two industries reporting higher inventories in August are: Apparel, Leather & Allied Products; and Plastics & Rubber Products. Eight of the 10 subindexes were positive for the period," says Fiore. If the index is above 50 it signals expansion, if … The 14 industries reporting growth in imports in August — in the following order — are: Apparel, Leather & Allied Products; Printing & Related Support Activities; Wood Products; Textile Mills; Plastics & Rubber Products; Miscellaneous Manufacturing; Paper Products; Transportation Equipment; Machinery; Chemical Products; Electrical Equipment, Appliances & Components; Food, Beverage & Tobacco Products; Fabricated Metal Products; and Computer & Electronic Products. Seven industries reported no change in new export orders in August compared to July. august 2020 manufacturing index summaries PMI ® Manufacturing grew in August, as the PMI ® registered 56 percent, 1.8 percentage points higher than the July reading of 54.2 percent. Readings in between these two levels suggest that manufacturing is declining while GDP is still growing but only very slowly.In addition to the ISM manufacturing composite index, the various sub-components contain useful information about manufacturing activity. Production cannot keep up with demand. COMMODITIES REPORTED UP/DOWN IN PRICE AND IN SHORT SUPPLY. ISM® receives survey responses throughout most of any given month, with the majority of respondents generally waiting until late in the month to submit responses to give the most accurate picture of current business activity. U.S. August 2020 Manufacturing Purchasing Managers Index at 56.0% Sep 2, 2020 | Analysis , Supply Chain (Tempe, Arizona) — Economic activity in the manufacturing sector grew in August, with the overall economy notching a fourth consecutive month of growth, say the nation’s supply executives in the latest Manufacturing ISM ® Report On Business ® . Readings above 50 in the ISM manufacturing index signal month-to-month growth for U.S. manufacturing as a whole, while those below 50 indicate monthly contraction. According to the BEA estimates for 2018 GDP (released October 29, 2019), the six largest manufacturing sub-sectors are: Computer & Electronic Products; Chemical Products; Transportation Equipment Manufacturing; Food, Beverage & Tobacco Products; Petroleum & Coal Products; and Fabricated Metal Products. The national report's information reflects the entire U.S., while the regional reports contain primarily regional data from their local vicinities. The new orders index spiked to a 16-year high of 67.6, as companies replenished inventories and tried to keep pace with heated demand for many consumer goods (especially for the home). The information compiled in this report is for the month of August 2020. Demand expanded, with the (1) New Orders Index growing at very strong levels, supported by the New Export Orders Index expanding modestly; (2) Customers' Inventories Index at its lowest figure since June 2010, a level considered a positive for future production, and (3) Backlog of Orders Index indicating growth for the second consecutive month. All rights reserved. However, the institute issued a six-month forecast in December for manufacturing to recover in 2020 with a steady expansion. Seven industries reported no change in inventories in August compared to July. US ISM Manufacturing Inventories Index is at a current level of 51.60, up from 51.20 last month and up from 49.20 one year ago. The index achieved its highest level of expansion since November 2018 (56.4 percent)," says Fiore. Disclaimer  |  Privacy Policy  |  Cookie Policy  |  Terms of Use  |  Data Terms of Use  |  Modern Slavery Act Transparency Statement  |  Report a Security Concern. Stock quotes by finanzen.net, New Orders and Production Growing; Employment Contracting; Supplier Deliveries Slowing at Faster Rate; Backlog Growing; Raw Materials Inventories Contracting; Customers' Inventories Too Low; Prices Increasing; Exports and Imports Growing. In its monthly Manufacturing Report on Business, ISM reported that the report’s key metric, the PMI, was 56 (a reading of 50 or higher indicates growth), which topped July’s reading by 1.8%. The New Export Orders Index registered 53.3 percent, an increase of 2.9 percentage points compared to the July reading of 50.4 percent. Create a CMEGroup.com Account: More features, more insights. Despite the number, analysts at Wells Far The data should be compared to all other economic data sources when used in decision-making. A reading below 50 percent indicates faster deliveries, while a reading above 50 percent indicates slower deliveries. The ISM Manufacturing Index increased to 56% in August from 54.5% in the previous month. The full text version of the ManufacturingISM® Report On Business® is posted on ISM®'s website at www.ismrob.org on the first business day* of every month after 10:00 a.m. © 2021 Insider Inc. and finanzen.net GmbH (Imprint). Requests for permission to reproduce or distribute ISM ROB Content can be made by contacting in writing at: ISM Research, Institute for Supply Management, 309 West Elliot Road, Suite 113, Tempe, Arizona 85284-1556, or by emailing kcahill@ismworld.org. The Institute for Supply Management (ISM) manufacturing index increased from 54.2 in July to 56.0 in August, beating market expectations of 54.5 and marking the highest reading since November 2018. •Initial Claims for Unemployment Insurance fell by 130,000 for the week ending Aug. 29, to hit 881,000. Understand how CME Group can help you navigate new initial margin regulatory and reporting requirements. *Unless … The ISM Manufacturing Index for August improved for the fourth consecutive month and posted its third consecutive month of expansion. The Institute for Supply Management (ISM) manufacturing index decreased slightly from 56.0 in August to 55.4 in September, and missed market expectations of 56.4. The five components are equally weighted. Explore historical market data straight from the source to help refine your trading strategies. The Supplier Deliveries Index now better reflects supplier's difficulty in maintaining delivery rates due to factory labor safety issues and transportation difficulties. (Machinery), "We are starting to see parts of our business rebound in August, while other parts remained weak. ISM ROB Content is protected by copyright, trademark, trade secret, and other laws, and as between you and ISM, ISM owns and retains all rights in the ISM ROB Content. These issues are not expected to diminish in the near future and, at this time, represent the biggest hurdle to production output and inventory growth," says Fiore. Plant interruptions, transportation challenges and continuing difficulties in supplier labor markets are still significant factors. Petroleum & Coal Products sunk into contraction territory. We expected a recession, but it did not turn out that way. Therefore, the August PMI® indicates the overall economy grew in August for the fourth consecutive month following contraction in April. Access real-time data, charts, analytics and news from anywhere at anytime. ISM shall not have any liability, duty, or obligation for or relating to the ISM ROB Content or other information contained herein, any errors, inaccuracies, omissions or delays in providing any ISM ROB Content, or for any actions taken in reliance thereon. With some of the indicators within this report, ISM® has indicated the departure point between expansion and decline of comparable government series, as determined by regression analysis. The forecast is based on input from the same executives who are surveyed for the monthly index. Readings below 50 indicate a contracting manufacturing sector but overall GDP growth is still positive until the ISM index falls below 42.5 (based on statistics through January 2011). PMI at 56.0%; August 2020 Manufacturing ISM Report On Business From prnewswire.com Economic activity in the manufacturing sector grew in August, with the overall economy notching a fourth consecutive month of growth, say the nation's supply executives in the latest Manufacturing ISM® Report On Business®. The data are weighted based on each industry's contribution to GDP. The next Manufacturing ISM ® Report On Business ® featuring July 2020 data will be released at 10:00 a.m. (Fabricated Metal Products), "Homebuilder business continues to be robust, with month-over-month gains continuing since May. The nine industries reporting growth in order backlogs in August, in the following order, are: Wood Products; Primary Metals; Fabricated Metal Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Computer & Electronic Products; Food, Beverage & Tobacco Products; Chemical Products; and Machinery. Imports†ISM®'s Imports Index registered 55.6 percent in August, up 2.5 percentage points compared to the 53.1 percent reported for July. The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Managers' Index™ (PMI™) posted 53.1 in August, down slightly from the … The 15 industries reporting growth in production during the month of August — listed in order — are: Wood Products; Primary Metals; Chemical Products; Plastics & Rubber Products; Nonmetallic Mineral Products; Transportation Equipment; Textile Mills; Machinery; Food, Beverage & Tobacco Products; Fabricated Metal Products; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Miscellaneous Manufacturing; Computer & Electronic Products; and Paper Products. The ISM Manufacturing survey improved and remains in expansion. Here is a long term graph of the ISM manufacturing index. 51.37 ; 44.90 : 43.49 (Milwaukee, Wisconsin) – August’s Index registered at 51.37, an increase from 44.90 in July. 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