Purchasing Managers' Index Continued 14-Month Expansion in July

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Purchasing Managers' Index Continued 14-Month Expansion in July

Tempe, AZ, August 2, 2021-The July Manufacturing Purchasing Managers’ Index (PMI) registered 59.5%, a decrease of 1.1 percentage points from the June reading of 60.6%, say the nation's supply executives in the latest Manufacturing ISM Report On Business. This figure indicates expansion in the overall economy for the 14th month in a row after contraction in April 2020. 

The New Orders Index registered 64.9%, decreasing 1.1 percentage points from the June reading of 66%. 

The Production Index registered 58.4%, a decrease of 2.4 percentage points compared to the June reading of 60.8%. 

The Prices Index registered 85.7%, down 6.4 percentage points compared to the June figure of 92.1%, which was the index’s highest reading since July 1979 (93.1%). 

The Backlog of Orders Index registered 65%, 0.5 percentage point higher than the June reading of 64.5%. 

The Employment Index registered 52.9%, three percentage points higher compared to the June reading of 49.9%. 

The Supplier Deliveries Index registered 72.5%, down 2.6 percentage points from the June figure of 75.1%. 

The Inventories Index registered 48.9%, 2.2 percentage points lower than the June reading of 51.1%. 

The New Export Orders Index registered 55.7%, a decrease of 0.5 percentage point compared to the June reading of 56.2%. 

The Imports Index registered 53.7%, a 7.3-percentage point decrease from the June reading of 61%.

Seventeen of 18 manufacturing industries reported growth in July, in the following order: furniture & related products; printing & related support activities; apparel, leather & allied products; miscellaneous manufacturing; computer & electronic products; nonmetallic mineral products; machinery; fabricated metal products; paper products; chemical products; food, beverage & tobacco products; primary metals; plastics & rubber products; transportation equipment; electrical equipment, appliances & components; wood products; and petroleum & coal products. The only industry reporting a decrease in July compared to June was textile mills.