U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.96% in February 2024, +0.71% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -2.0%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 0.8 points month on month (-1.5% m/m) to 52.6 in February 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down 1.3% (m/m) to 47.8 for February 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 49.2.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.58% in January 2024, -0.67% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -2.2%.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 2.9 points month on month (+5.7% m/m) to 53.4 in January 2024.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved up 3.6% (m/m) to 49.1 for January 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 52.5. The reading continued to point to a contraction in the manufacturing sector, although at a much softer pace, as demand moderately improved, output remained stable, and inputs are accommodative.