Details from the October 2016 US ISM manufacturing PMI data report 1 October 2016
- Employment 52.9 vs 50.0 exp. Prior 49.7
- Prices paid 54.5 vs 54.0 exp. Prior 53.0
- New orders 52.1 vs 55.1 prior
The only minor negative is the drop in new orders.
Survey respondents got a bonus question this month after the Hanjin Shipping Co collapse.
- 51.9% say they were not impacted
- 29.7% saw a small impact
- 13.4% saw a material but manageable impact
- 0.8% saw a large impact
- 4.2% were unsure
As for the rest of the report and comments, most notable was a further contraction of inventories and customer inventories fell into contraction from 53.0 to 49.5. Inventory drawdowns has been something we've seen all year and it shows that despite better conditions, firms are still tightening their belts on expenditure.
US ISM details
Looking at the report overall, it's pretty good but those inventory numbers might shake a few GDP watchers who will now perhaps scale down their forecasts.
US ISM PMI
