ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 5.0 points month on month (-9.3% m/m) to 48.8 in June 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down -0.4% (m/m) to 48.5 for June 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 49.3. The reading pointed to a third straight month of falling manufacturing activity and the lowest since February, as demand was weak again, output declined, and inputs stayed accommodative.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.12% in May 2024, +0.7% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.3%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 4.4 points month on month (+8.9% m/m) to 53.8 in May 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down -0.5% (m/m) to 48.7 for May 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 45.4. The reading showed another contraction for the manufacturing activity as demand was soft again, output was stable, and inputs stayed accommodative.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.88% in April 2024, -0.40% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.9%.