Manufacturing in U.S. continues upswing in August

The Institute for Supply Management reported that economic activity in the U.S. manufacturing sector expanded in August for the 13th consecutive month, and the overall economy grew for the 16th consecutive month. ISM's Purchasing Managers Index (PMI) registered 56.3 percent, following a June value of 55.5 percent.

The Institute for Supply Management (ISM, Tempe, Ariz., USA) on Sept. 1 reported that economic activity in the U.S. manufacturing sector expanded in August for the 13th consecutive month, and the overall economy grew for the 16th consecutive month. ISM's Purchasing Managers Index (PMI) registered 56.3 percent, following a June value of 55.5 percent. A reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally contracting.

The report was issued today by Norbert J. Ore, CPSM, C.P.M., chair of the Institute for Supply Management Manufacturing Business Survey Committee. “Manufacturing activity continued at a very positive rate in August as the PMI rose slightly when compared to July. In terms of month-over-month improvement, the Production and Employment Indexes experienced the greatest gains, while new orders continued to grow but at a slightly slower rate. August represents the 13th consecutive month of growth in U.S. manufacturing.”

12-month ISM Manufacturing Index history (percent):

  • August 2010: 56.3
  • July 2010: 55.5
  • June 2010: 56.2
  • May 2010: 59.7
  • April 2010: 60.4
  • March 2010: 59.6
  • February 2010: 56.5
  • January 2010: 58.4
  • December 2009: 55.9
  • November 2009: 53.6
  • October 2009: 55.7
  • September 2009: 52.6