U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.2% in October 2024, -0.63% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.6%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 1.1 points month on month (+2.0% m/m) to 56.0 in October 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down 0.7% (m/m) to 46.5 for October 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 47.1. The reading pointed to another contraction in the manufacturing sector and the lowest since July 2023, as demand continues to be weak, output declined, and inputs stayed accommodative.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.7% in September 2024, -0.5% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.8%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 3.4 points month on month (+6.6% m/m) to 54.9 in September 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index remained flat (m/m) at 47.2 for September 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 46.1. The reading continued to point to a contraction in the manufacturing sector which now extended for six straight months.