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Market Update
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February 2021
ISM Non-Manufacturing Index: The Institute of Supply Management’s Non-Manufacturing Index increased by 1.8 points month-over-month, (3.2% m/m,) to 58.7 in January 2021.
ISM Manufacturing Index: The Institute of Supply Management’s Manufacturing Index moved down 2.0 points on the month (m/m) to 58.7 for January 2021; this value is stronger than the forecast of 50. The index has been higher than 55 for six consecutive months (expansion = 50+). The new orders sub-index scored a 61.1.
January 2021
U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) scored a 73.4% in December 2020, up 0.95% month on month (m/m), its eighth monthly increase since April. On a year on year (y/y) comparison, the MCU was a modest -2.44%.
ISM Non-Manufacturing Index: The Institute of Supply Management’s non-manufacturing index increased by 1.3 points month-over-month, (2.3% m/m,) to 57.2 in December 2020.
ISM Manufacturing Index: The Institute of Supply Management’s Index moved up 3.2 points on the month (m/m) to 60.7 for December 2020; this value is stronger than the forecast of 50. The index has been higher than 55 for five consecutive months (expansion = 50+). The new orders sub-index scored a 67.9.
ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing composite index decreased by 0.7 points month-over-month, (-1.2% m/m,) to 55.9 in November 2020.