ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 1.2 points month on month (-2.3% m/m) to 51.4 in March 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved up +2.5% (m/m) to 50.3 for March 2024; this value is stronger than the forecast of 50. The new orders sub-index scored at 51.4. This marked the first expansion in the manufacturing sector after 16 months of contraction.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.96% in February 2024, +0.71% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -2.0%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 0.8 points month on month (-1.5% m/m) to 52.6 in February 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down 1.3% (m/m) to 47.8 for February 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 49.2.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.58% in January 2024, -0.67% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -2.2%.