U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.88% in April 2024, -0.40% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.9%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 1.2 points month on month (-2.3% m/m) to 49.4 in April 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down -2.2% (m/m) to 49.2 for April 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 49.1. The data reflected a contraction in the US manufacturing sector, failing to maintain earlier traction as the prior month pointed to the first expansion in 16 months.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.3% in March 2024, +0.35% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -0.5%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 1.2 points month on month (-2.3% m/m) to 51.4 in March 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved up +2.5% (m/m) to 50.3 for March 2024; this value is stronger than the forecast of 50. The new orders sub-index scored at 51.4. This marked the first expansion in the manufacturing sector after 16 months of contraction.