July Purchasing Managers Index Contracted Slightly
Tempe, AZ, August 1, 2018-The July Purchasing Managers Index (PMI) registered 58.1%, a decrease of 2.1 percentage points from the June reading of 60.2%, according to the latest Manufacturing ISM Report On Business.
The New Orders Index registered 60.2%, a decrease of 3.3 percentage points from the June reading of 63.5%.
The Production Index registered 58.5%, a 3.8 percentage point decrease compared to the June reading of 62.3%.
The Employment Index registered 56.5%, an increase of 0.5 percentage point from the June reading of 56%.
The Supplier Deliveries Index registered 62.1%, a 6.1 percentage point decrease from the June reading of 68.2%.
The Inventories Index registered 53.3%, an increase of 2.5 percentage points from the June reading of 50.8%.
The Prices Index registered 73.2% in July, a 3.6 percentage point decrease from the June reading of 76.8%, indicating higher raw materials prices for the 29th consecutive month.
Of the 18 manufacturing industries, 17 reported growth in July, in the following order: textile mills; electrical equipment, appliances & components; apparel, leather & allied products; computer & electronic products; petroleum & coal products; paper products; printing & related support activities; nonmetallic mineral products; machinery; plastics & rubber products; miscellaneous manufacturing; fabricated metal products; food, beverage & tobacco products; furniture & related products; chemical products; wood products; and transportation equipment. The only industry reporting a decrease in July is primary metals.