A closely watched gauge of US manufacturing improved for the third month straight in July while still grappling with weak employment activity. The Institute for Supply Management’s purchasing managers’ index climbed to 54.2 last month from 52.6, marking the industry’s fastest rate of growth since March 2019. Its employment gauge […]

The Institute for Supply Management’s non-manufacturing index jumped 11.7 points to 57.1 in June, according to a Monday report. It’s the largest ever single-month jump for the index, and pushes it to a four-month high following two months of contractions. It also exceeded the median economist estimate of a rise […]

The Institute for Supply Management’s manufacturing index climbed back to growth territory in June as states reopened their economies. The key industry gauge leaped 9.5 points to 52.6 last month, notching its biggest single-month increase since 1980. Economists surveyed by Bloomberg expected a reading of 49.8. New orders and production […]

US factory production plummeted in April to its lowest level on record going back to 1948, according to a Friday report from the Institute for Supply Management. The ISM’s production index fell more than 20 percentage points to 27.5 in April. Any reading below 50 signals a contraction. The April […]

The Institute for Supply Management’s manufacturing index fell to 49.1 in March from 50.1 in February, it said in a Wednesday report. Bookings, employment, and production all fell sharply as the coronavirus pandemic hit business activity. “Comments from the panel were negative regarding the near-term outlook, with sentiment clearly impacted […]

Key measures of US manufacturing activity in the US fell in February as a novel coronavirus spread outside of China to more than four dozen countries. The outbreak has disrupted global supply chains and raised broader concerns about global growth. “Coronavirus-related supply chain issues threaten to constrain production in coming […]

A key gauge of US factory activity rebounded more than expected in January, climbing out of contraction territory for the first time since July. The Institute for Supply Management said Monday that its manufacturing index rose to 50.9 last month from 47.8 in December. The manufacturing sector entered a technical […]

The US services sector grew more in October than expected after hitting a three-year low in September. Employment, business activity, and new orders all jumped through last month, according to an Institute for Supply Management report released Tuesday. Services make up about 90% of the US economy, and the October […]

World stocks dropped on Wednesday after US manufacturing activity slumped to a decade low, fanning fears of a global slowdown and greater fallout from the US-China trade war. The Institute for Supply Management recorded a 1.3-point decline in US factory activity to 47.8 last month, after IHS Markit found German […]

The Trump administration has placed import taxes on hundred of billions worth of products so far. Meanwhile, some key measures of American business conditions have weakened. As tariffs raise costs and create uncertainty, economists say conditions could worsen. As President Donald Trump maintains a flurry of protectionist policies, key gauges […]

President Donald Trump has gotten the US into trade fights with China, Canada, and the European Union, among others. Inflation data, business surveys, and recent decisions by high-profile businesses all show that Trump’s trade fights are starting to cause US consumers and companies pain. Consumers and businesses have already begun […]

US manufacturers and agricultural producers are starting to worry about President Donald Trump’s trade fights. The latest ISM manufacturing survey showed that metals producers are concerned about the steel and aluminium tariffs. A new index of agricultural producers also showed farmers getting hit by Trump’s trade battle with China. US […]

President Donald Trump announced a slew of tariffs during the month of March. According to ISM’s new manufacturing survey, executives at many US factories are starting to worry about the tariffs. The tariffs are causing “panic buying,” said one executive. Another said metal price jumps “will begin to impact our […]

The Institute of Supply Management and Markit...

The largest part of the US economy...

The Institute for Supply Management and Markit...

The US services sector, which makes up the...