US Manufacturing PMI Hits Four-Year High in July
In July, the Institute for Supply Management (ISM) announced that its manufacturing Purchasing Managers' Index (PMI) increased to 55.6, a rise of 2.3 percentage points from June's figure of 53.3. This is the highest level recorded since May 2022, when the index was at 55.9. The manufacturing sector has now experienced growth for seven straight months, rebounding from a previous 10-month decline. A PMI above 50 indicates an expansion in manufacturing. This data points to a strong recovery in U.S. manufacturing activities, with the PMI exceeding forecasts and indicating ongoing economic strength.
Key facts
- ISM manufacturing PMI rose to 55.6 in July
- Up 2.3 percentage points from June's 53.3
- Highest reading since May 2022 (55.9)
- Seven consecutive months of expansion
- Follows a 10-month contraction
- Readings above 50 indicate growth
- Data released by the Institute for Supply Management
- Reported in July 2026
Entities
Institutions
- Institute for Supply Management
Locations
- United States
Sources
- Quartz —