United States Business Confidence

Last Release

Jan 31, 2025

Actual

50.9

Units In

Points

49.2

Frequency

Monthly

Next Release

Mar 03, 2025

Time to Release

26 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
77.5 Jul 1950	29.4 May 1980	52.86 Points	1948-2025	Institute for Supply Management

The Manufacturing ISM Report On Business® is based on data compiled from purchasing and supply executives nationwide. Survey responses reflect the change, if any, in the current month compared to the previous month. For each of the indicators measured (New Orders, Backlog of Orders, New Export Orders, Imports, Production, Supplier Deliveries, Inventories, Customers' Inventories, Employment and Prices), the report shows the percentage reporting each response, the net difference between the number of responses in the positive economic direction and the negative economic direction, and the diffusion index. A PMI™ reading above 50 percent indicates that the manufacturing economy is generally expanding; below 50 percent indicates that it is generally declining.

Latest Updates

The ISM Manufacturing PMI for the US rose to 50.9 in January 2025 from a downwardly revised 49.2 in December 2024 and beating forecasts of 49.8. The reading pointed to the first expansion in the factory sector after 26 consecutive months of contraction. New orders increased at a faster pace (55.1 vs 52.1) while a rebound was recorded for production (52.5 vs 49.9) and employment (50.3 vs 45.4). Meanwhile, supplier deliveries were marginally slower (50.9 vs 50.1), inventories fell more (45.9 vs 48.4) and price pressures intensified (54.9 vs 52.5). "The Prices Index indicated increasing prices for the fourth consecutive month, likely reflecting the agreement and deployment of prices by buyers for 2025. Mill materials (steel, aluminum and copper), food elements and natural gas registered increases, offset by plastic resins and diesel fuel moving down in price", Timothy Fiore, Chair of the Institute for Supply Management Manufacturing Business Survey Committee said.