ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down 2.9% (m/m) to 46.3 for March 2023; this value is weaker than the forecast of 50. The new orders sub-index scored at 44.3. The reading pointed to a fifth straight month of contraction in factory activity, as companies continue to slow outputs to better match demand for the first half of 2023 and prepare for growth in the late summer/early fall period.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index decreased by 0.1 points month on month (0.2% m/m) to 55.1 in February 2023.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved up 0.6% (m/m) to 47.7 for February 2023; this value is weaker than the forecast of 50. The new orders sub-index scored at 47.0. The reading pointed to a fourth consecutive month of falling factory activity with companies continuing to slow outputs to better match demand for the first half of 2023 and prepare for growth in the second half of the year.

ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 6.0 points month on month (12.2% m/m) to 55.2 in January 2023.

ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved down 2.1% (m/m) to 47.4 for January 2023; this value is weaker than the forecast of 50.  The new orders sub-index scored at 42.5. The reading pointed to the third consecutive contraction in factory activity as companies slowed outputs to better match demand in the first half of 2023 and prepare for growth in the second half of the year.

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.47% in December 2022, -1.35% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.44%.