ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 2.9 points month on month (+5.7% m/m) to 53.4 in January 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved up 3.6% (m/m) to 49.1 for January 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 52.5. The reading continued to point to a contraction in the manufacturing sector, although at a much softer pace, as demand moderately improved, output remained stable, and inputs are accommodative.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.06% in December 2023, -0.06% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -0.09%.

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.