The Institute for Supply Management (ISM) US manufacturing Purchasing Managers' Index (PMI) came in at 48
US manufacturing PMI falls to 48.5 in July 2025, fifth straight month below 50. New orders and employment decline.
The Institute for Supply Management (ISM) US manufacturing Purchasing Managers' Index (PMI) came in at 48.5 in July 2025, down 0.5 points from June 2025 (49.0), according to data published today. A reading below 50 signals contraction in manufacturing activity. This marks the fifth consecutive month below the 50 threshold.
The new orders sub-index fell to 47.1 in July from 48.4 in June. The production sub-index came in at 48.6, down from 49.2 the previous month. The employment sub-index registered 44.4, down from 45.0 in June, signaling accelerating job cuts in the sector.
The prices paid sub-index rose to 52.9 in July from 51.7 in June, indicating higher input costs for the second consecutive month. Business inventories fell to 46.7 from 47.5 in June.
Of the 18 manufacturing sectors tracked, 12 reported contraction in July, up from 10 in June. Machinery manufacturing and transportation equipment posted the steepest declines.
The US manufacturing PMI remains below its long-term average of 52.8. In July 2024, the index stood at 46.8.
This analysis was produced with the assistance of artificial intelligence, from institutional sources and verifiable open data. AI Transparency