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Wednesday, August 12, 2020 9:18:27 AM EDT





Ism Index
Briefing.com Updated 03-Aug-20 10:44AM ET

The ISM Manufacturing Index for July increased to 54.2% (Briefing.com consensus 53.4%) from 52.6% in June.

This was the second straight month the index has been above 50.0% (the demarcation level between expansion and contraction) after cratering to a low of 41.5% in April (the lowest since April 2009).

The New Orders Index climbed to 61.5% from 56.4%.

The Production Index rose to 62.1% from 57.3%.

The Employment Index increased to 44.3% from 42.1%.

The Prices Index jumped to 53.2% from 51.3%.

The Backlog of Orders Index advanced to 51.8% from 45.3%.

The New Export orders Index edged up to 50.4% from 47.6%.

The key takeaway from the report rests in the understanding that manufacturing conditions are rebounding from the abyss of three straight monthly contractions (March-May). To be sure, manufacturing conditions were better in July than they were in prior months, but it is still a stretch to say that manufacturing activity is robust since uncertainty about the demand outlook remains high.
 
JULJUNMAYAPRMAR
Total Index54.252.643.141.549.1
Orders61.556.431.827.142.2
Production62.157.333.227.547.7
Employment44.342.132.127.543.8
Deliveries55.856.968.076.065.0
Inventories47.050.550.449.746.9
Export Orders50.447.639.535.346.6
Prices paid (not seas adj)53.251.340.835.337.4