🚨 BREAKING: US MANUFACTURING IS STILL GROWING 🇺🇸
The latest ISM Manufacturing PMI came in at 54.6 for August.
📉 Expected: 55.2
📉 Previous: 55.6
📊 Actual: 54.6
Yes, the number missed expectations.
But here’s the important part:
54.6 is still comfortably above 50.
That means US manufacturing remains in expansion territory. In fact, August marked the 8th straight month of manufacturing expansion.
Some details are worth watching 👀
🔹 New Orders: 53.7 vs 56.7 previously
🔹 Production: 58.3 vs 58.5
🔹 Employment: 51.2 vs 52.8
🔹 Prices Paid: 71.1, unchanged
🔹 Supplier Deliveries: 59.3 vs 58.9
So the story is not “US manufacturing is collapsing.”
It’s more like:
Growth is cooling, but the engine is still running. 🔥
The biggest concern is prices. The Prices Paid index remains very high at 71.1, showing that input costs are still putting pressure on businesses.
At the same time, production remains strong and new orders are still above 50.
For markets, this is an interesting mix:
🇺🇸 US economy → still expanding
📉 Manufacturing momentum → cooling slightly
🔥 Input prices → still elevated
👀 Fed → still watching inflation closely
💵 USD → softer data, but not enough to completely shake the dollar
Bottom line:
The US economy is showing some cracks in momentum, but there is no sign of a manufacturing recession yet.
54.6 may be below expectations, but it is still a strong number.
Now the big question is whether this cooling continues into the next few months… or if US manufacturing finds another gear. ⚡
The next major test for markets: US jobs data on Friday.
The latest ISM Manufacturing PMI came in at 54.6 for August.
📉 Expected: 55.2
📉 Previous: 55.6
📊 Actual: 54.6
Yes, the number missed expectations.
But here’s the important part:
54.6 is still comfortably above 50.
That means US manufacturing remains in expansion territory. In fact, August marked the 8th straight month of manufacturing expansion.
Some details are worth watching 👀
🔹 New Orders: 53.7 vs 56.7 previously
🔹 Production: 58.3 vs 58.5
🔹 Employment: 51.2 vs 52.8
🔹 Prices Paid: 71.1, unchanged
🔹 Supplier Deliveries: 59.3 vs 58.9
So the story is not “US manufacturing is collapsing.”
It’s more like:
Growth is cooling, but the engine is still running. 🔥
The biggest concern is prices. The Prices Paid index remains very high at 71.1, showing that input costs are still putting pressure on businesses.
At the same time, production remains strong and new orders are still above 50.
For markets, this is an interesting mix:
🇺🇸 US economy → still expanding
📉 Manufacturing momentum → cooling slightly
🔥 Input prices → still elevated
👀 Fed → still watching inflation closely
💵 USD → softer data, but not enough to completely shake the dollar
Bottom line:
The US economy is showing some cracks in momentum, but there is no sign of a manufacturing recession yet.
54.6 may be below expectations, but it is still a strong number.
Now the big question is whether this cooling continues into the next few months… or if US manufacturing finds another gear. ⚡
The next major test for markets: US jobs data on Friday.
