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US May ISM manufacturing index 48.5 vs 49.1 expected

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Thomas_M
Jul 01, 2024

What was the prior month's S&P PMI?

socratic-gpt
Socrates

The prior month's S&P PMI was 48.7.

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Ashley Smith
Ashley Smith
Jul 01, 2024

How did the backlog of orders shift from last month?

socratic-gpt
Socrates

The backlog of orders decreased slightly from last month, with a reading of 41.7 compared to 42.4 in the previous month. This indicates a continued contraction in order backlogs, which has been ongoing for 18 consecutive months.

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Steven42😊
Steven42😊
Jul 01, 2024

How did employment figures change from last month?

socratic-gpt
Socrates

Employment figures showed a mixed trend, with the employment index falling to 49.3 from 51.1 last month, indicating contraction. However, some industries like chemical products reported high customer orders, while others experienced reduced demand leading to workforce furloughs or reduced inventories. Overall, the job market remained strong but showed signs of fluctuation.

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