Manufacturing Expanded for 13th Consecutive Month in May
Tempe, AZ, July 1, 2021-The June Purchasing Managers’ Index (PMI) registered 60.6%, a decrease of 0.6 percentage point from the May reading of 61.2%, say the nation’s supply executives in the latest Manufacturing ISM Report On Business.
This figure indicates expansion in the overall economy for the 13th month in a row after contraction in April 2020.
The New Orders Index registered 66%, decreasing one percentage point from the May reading of 67%.
The Production Index registered 60.8%, an increase of 2.3 percentage points compared to the May reading of 58.5%.
The Prices Index registered 92.1%, up 4.1 percentage points compared to the May figure of 88% and the index’s highest reading since July 1979 (93.1%).
The Backlog of Orders Index registered 64.5%, 6.1 percentage points lower than the May reading of 70.6%.
The Employment Index registered 49.9%; one percentage point lower compared to the May reading of 50.9%.
The Supplier Deliveries Index registered 75.1%, down 3.7 percentage points from the May figure of 78.8%.
The Inventories Index registered 51.1%, 0.3 percentage point higher than the May reading of 50.8%.
The New Export Orders Index registered 56.2%, an increase of 0.8 percentage point compared to the May reading of 55.4%.
The Imports Index registered 61%, a seven-percentage point increase from the May reading of 54%.
Seventeen of 18 manufacturing industries reported growth in June, in the following order: furniture & related products; machinery; electrical equipment, appliances & components; computer & electronic products; plastics & rubber products; chemical products; fabricated metal products; transportation equipment; miscellaneous manufacturing; nonmetallic mineral products; textile mills; primary metals; food, beverage & tobacco products; paper products; printing & related support activities; wood products; and petroleum & coal products. No industry reported a decrease in June.