U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.8% in August 2023, +0.03% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.89%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 1.8 points month on month (+3.4% m/m) to 54.5 in August 2023.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved up 2.6% (m/m) to 47.6 for August 2023; this value is weaker than the forecast of 50. The new orders sub-index scored at 46.8. While production levels stabilized, the inflow of new orders experienced a more rapid decline, and the pace of job shedding showed signs of easing.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.8% in July 2023, +0.37% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.89%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 1.2 points month on month (-2.2% m/m) to 52.7 in July 2023.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down 0.9% (m/m) to 46.4 for July 2023; this value is weaker than the forecast of 50. The new orders sub-index scored at 47.3. The reading pointed to a ninth straight month of contraction in factory activity, as demand remains weak, production slowed due to lack of work, and suppliers continue to have capacity.