The monthly Purchasing Managers Index (PMI) from the Institute for Supply Management (ISM) tracks the overall health of the US manufacturing sector.
The PMI system is such that a score over 50 mark indicates US manufacturing is expanding, whalile below 50 signals contraction.
Each month in its report, ISM provides a graphic of the full PMI scores for the last 12 months.
As can be seen in the chart below from the recently released report for May, the measure has been trending down since June of 2022, and it is now averaging just 49.4 over the past year, below the key 50 level:
Source: ISM
Yet by other measures the economy is fairly strong... very hard to know what is going on.
Any reaction to our Supply Chain Graphic of the Week? Let us know your thoughts at the Feedback button below.
Your Comments/Feedback
|
