Purchasing Managers' Index Posted Expansion to 59.9% in August

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Purchasing Managers' Index Posted Expansion to 59.9% in August

Tempe, AZ, October 1, 2021-The August Manufacturing Purchasing Managers’ Index (PMI) registered 59.9%, an increase of 0.4 percentage point from the July reading of 59.5%, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. This figure indicates expansion in the overall economy for the 15th month in a row after contraction in April 2020. 

The New Orders Index registered 66.7%, increasing 1.8 percentage points from the July reading of 64.9%. 

The Production Index registered 60%, an increase of 1.6 percentage points compared to the July reading of 58.4%. 

The Prices Index registered 79.4%, down 6.3 percentage points compared to the July figure of 85.7%; this is its first reading below 80 percent since December 2020 (77.6%).

 The Backlog of Orders Index registered 68.2%, 3.2 percentage points higher than the July reading of 65%. 

The Employment Index indicated contraction at 49%, 3.9 percentage points lower compared to the July reading of 52.9%. 

The Supplier Deliveries Index registered 69.5%, down 3 percentage points from the July figure of 72.5%. 

The Inventories Index registered 54.2%, 5.3 percentage points higher than the July reading of 48.9%. 

The New Export Orders Index registered 56.6%, an increase of 0.9 percentage point compared to the July reading of 55.7%. 

The Imports Index registered 54.3%, an 0.6-percentage point increase from the July reading of 53.7%.

The 15 manufacturing industries reporting growth in August - in the following order - are furniture & related products; computer & electronic products; machinery; primary metals; electrical equipment, appliances & components; fabricated metal products; plastics & rubber products; chemical products; miscellaneous manufacturing; food, beverage & tobacco products; transportation equipment; wood products; printing & related support activities; paper products; and petroleum & coal products. The two industries reporting a decrease in August compared to July are textile mills and nonmetallic mineral products.