Purchasing Managers' Index Dipped in August
Tempe, AZ, September 3, 2019-The August Purchasing Managers’ Index registered 49.1%, a decrease of 2.1 percentage points from the July reading of 51.2%, according to the latest Manufacturing ISM Report On Business.
The New Orders Index registered 47.2%, a decrease of 3.6 percentage points from the July reading of 50.8%.
The Production Index registered 49.5%, a 1.3-percentage point decrease compared to the July reading of 50.8%.
The Employment Index registered 47.4%, a decrease of 4.3 percentage points from the July reading of 51.7%.
The Supplier Deliveries Index registered 51.4%, a 1.9-percentage point decrease from the July reading of 53.3%.
The Inventories Index registered 49.9%, an increase of 0.4 percentage point from the July reading of 49.5%.
The Prices Index registered 46%, a 0.9-percentage point increase from the July reading of 45.1%.
Of the 18 manufacturing industries, nine reported growth in August, in the following order: textile mills; furniture & related products; food, beverage & tobacco products; wood products; petroleum & coal products; nonmetallic mineral products; machinery; miscellaneous manufacturing; and chemical products. The seven industries reporting contraction in August-in the following order-are apparel, leather & allied products; fabricated metal products; transportation equipment; primary metals; plastics & rubber products; paper products; and electrical equipment, appliances & components.