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June 2024

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.

May 2024

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%.
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 49.4 in April 2024.
ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down -2.2% (m/m) to 49.2 for April 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 49.1. The data reflected a contraction in the US manufacturing sector, failing to maintain earlier traction as the prior month pointed to the first expansion in 16 months.
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