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September 2024

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.2% in August 2024, +0.8% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.1%.
ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 0.1 points month on month (+0.2% m/m) to 51.5 in August 2024.
ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved up 0.9% (m/m) to 47.2 for August 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 44.6. The result extended the weak momentum for manufacturing in the US economy, underscoring the impact of elevated interest rates by the Federal Reserve in the sector.

August 2024

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.17% in July 2024, -0.4% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.1%.
ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 2.6 points month on month (+5.3% m/m) to 51.4 in July 2024.
ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down -1.7% (m/m) to 46.8 for July 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 47.4. It was the 20th decline in activity during the last 21 periods, underscoring the impact of high interest rates on goods demand, pressured by a fresh contraction in the level of new orders.
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