Jun 9, 2025 -… The Institute for Supply Management (ISM) manufacturing purchasing managers' index (PMI) slipped to 48.5 in May from 48.7 in April, indicating continued contraction for the third consecutive month. ...The manufacturing output price index, however, largely remained steady in May, inching down to 69.4 from 69.8. The ISM services PMI dropped to 49.9 in May from 51.6 in April, falling just below neutral territory. …

Mar 25, 2025 -… Manufacturing Purchasing Managers' Index (PMI) has risen sharply since November, suggesting no relief in the near term. …

Jan 13, 2025 -… Notably, the ISM services Purchasers Managing Index (PMI) price index surged to a 22-month high in December, while the manufacturing PMI price index saw a slight increase. …

Nov 26, 2024 -… Although the U.S. manufacturing sector remained in contraction territory at the start of the fourth quarter, S&P Global's Manufacturing PMI (Purchasing Managers' Index) pointed to the downturn easing. Service PMI pointed to continued firm current business activity and solid new orders of future activity. …

Sep 24, 2024 -… First, many leading indicators stopped improving over the summer, with some even pointing south, such as the Purchasing Managers' Index (PMI). That said, there is a disconnect between soft data like the PMI and hard GDP data that makes the interpretation of the soft data less straightforward than usual. Composite PMI has already undergone several mini cycles over the past two-and-a-half years, all led by the services sector, without affecting GDP growth much (see chart 7). …

Sep 23, 2024 -… Even though the latest GDP data showed no growth in June and July, the S&P Global Purchasing Managers' Index (PMI) remained positive in August about economic activity. ...Shortages are defined as the supplier delivery time index taken from the global manufacturing PMI survey. Short-run inflation expectations: These depend on short-run inflation's lagged values and the contemporaneous and lagged values for both long-run inflation expectations and inflation. …

Jul 11, 2024 -… Chart 1 Chart 2 Spotlight On The Purchasing Managers' Index (PMI) The PMI is essentially a diffusion index, which can help in assessing the prevailing direction of demand. ...The recent three-month average PMI for Market Intelligence is 50.9, compared with 48.8 for the ISM. ...Chart 8 Chart 9 Different Underlying Data Gives Us Pause About Near-Term Growth Momentum The different underlying data in the Market Intelligence PMI and the ISM PMI indicates small and medium businesses may be faring better than the ISM is suggesting. …

Jun 24, 2024 -… Both the Institute for Supply Management's New Orders Index and S&P Global Market Intelligence Purchasing Managers' Index (PMI) started to move into expansion territory (above 50) in the first quarter after a long period of contraction, but they reverted back below 50 in May. …

Jun 18, 2024 -… Since the 1970s, a manufacturing purchasing managers' index (PMI) below 45 has aligned with a recession, but it has not reached that level yet. ...ISM (MFG) New Orders Index A PMI reading above 50% indicates that the manufacturing economy is generally expanding; below 50% indicates that it is generally declining. A PMI above 42.9%, over a period of time, indicates that the overall economy, or GDP, is generally expanding; below 42.9%, it is generally declining. …

May 1, 2024 -… Chart 3 Chart 4 The softer-than-expected April reading from the S&P Global Market Intelligence Purchasing Managers' Index (PMI) pointed to continued weakness in business sentiment despite solid consumer outlays. The manufacturing PMI fell almost two points, to 50 (no change level), while the services flash PMI fell eight points, to 50.9. …