Purchasing Managers Index Rose to 52.6% in June
Tempe, AZ, July 1, 2020-The June Purchasing Managers Index (PMI) registered 52.6%, up 9.5 percentage points from the May reading of 43.1%, according to the Manufacturing ISM Report On Business.
This figure indicates expansion in the overall economy for the second straight month after April’s contraction, which ended a period of 131 consecutive months of growth.
The New Orders Index registered 56.4%, an increase of 24.6 percentage points from the May reading of 31.8%.
The Production Index registered 57.3%, up 24.1 percentage points compared to the May reading of 33.2%.
The Backlog of Orders Index registered 45.3%, an increase of 7.1 percentage points compared to the May reading of 38.2%.
The Employment Index registered 42.1%, an increase of 10 percentage points from the May reading of 32.1%.
The Supplier Deliveries Index registered 56.9%, down 11.1 percentage points from the May figure of 68%.
The Inventories Index registered 50.5%, 0.1 percentage point higher than the May reading of 50.4%.
The Prices Index registered 51.3%, up 10.5 percentage points compared to the May reading of 40.8%.
The New Export Orders Index registered 47.6%, an increase of 8.1 percentage points compared to the May reading of 39.5%.
The Imports Index registered 48.8%, a 7.5-percentage point increase from the May reading of 41.3%.
Of the 18 manufacturing industries, the 13 that reported growth in June-in the following order-are textile mills; wood products; furniture & related products; printing & related support activities; apparel, leather & allied products; food, beverage & tobacco products; computer & electronic products; plastics & rubber products; chemical products; miscellaneous manufacturing; nonmetallic mineral products; paper products; and electrical equipment, appliances & components. The four industries reporting contraction in June are transportation equipment; primary metals; fabricated metal products; and machinery.