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The index rose 47.2% in August, under 47.9% consensus forecasts. "Manufacturing employment shrank for the third consecutive month as manufacturing activity slowed in recent months.
The Services Index which is a weighted composite index for services data (similar to the Purchasing Managers' Index (PMI)) was developed and first published in the January 2008 Non-Manufacturing ISM Report On Business. This was not available prior to that date because there was insufficient services historical data to develop a composite index.
Weekly calendar Monday. Markets are closed for Presidents' Day. Tuesday. Economic data: Empire Manufacturing, February (-1 expected, -12.6 prior); NAHB housing market index, February, (47 expected ...
Declines in the US manufacturing sector appear to have bottomed in a positive sign for the economy.. On Thursday, the January ISM Manufacturing PMI index registered a reading of 49.1 percent, up ...
Manufacturing output recovered from the Great Recession, reaching an all-time high in 2021, but manufacturing employment has been declining since the 1990s, giving rise to what is known as a "jobless recovery," which made job creation or preservation in the manufacturing sector an important topic in the 2016 United States presidential election.
The Philadelphia Index is conducted monthly by the Federal Reserve Bank of Philadelphia and questions voluntary participants on things such as unemployment, new orders, shipments, inventories, and prices paid. The report is released on the third Thursday of every month, making it the earliest such regional report which is released to investors.
The ISM survey's forward-looking new orders sub-index rose to a still-subdued 49.3 reading from 45.4 in May. Output at factories decreased for the first time since February. The production sub ...
The Industrial Production Index (IPI) is an economic indicator published by the Federal Reserve Board of the United States that measures the real production output of manufacturing, mining, and utilities.