Repost: July 2019 Manufacturing ISM® Report On Business®

August 1, 2019


Economic activity in the manufacturing sector expanded in July, and the overall economy grew for the 123rd consecutive month, say the nation’s supply executives in the latest Manufacturing ISM® Report On Business®.


PMI® at 51.2%


“The past relationship between the PMI® and the overall economy indicates that the PMI® for July (51.2 percent) corresponds to a 2.5-percent increase in real gross domestic product (GDP) on an annualized basis,” 


New Orders, Production, and Employment Growing


Supplier Deliveries Slowing at a Faster Rate;
Backlog Contracting 
Raw Materials Inventories Contracting;
Customers’ Inventories Too Low


Prices Decreasing; Exports and Imports Contracting



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