United States Business Confidence

Last Release

Dec 31, 2024

Actual

49.3

Units In

Points

48.4

Frequency

Monthly

Next Release

Feb 03, 2025

Time to Release

28 Days 14 Hours

Highest	Lowest	Average	Date Range	Source
77.5 Jul 1950	29.4 May 1980	52.87 Points	1948-2024	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 rose by 0.9 points from the previous month to 49.3 in December of 2024, ahead of market expectations of 48.4. The result reflected the softest pace of contraction in the US manufacturing sector since the 50.3 recorded in March, which was the sole period of expansion in the industry since September of 2022. The gauge measuring new orders was at 52.5, reflecting the strongest level of demand for new goods in 11 months, suggesting that lower output for manufacturers may be close to bottoming despite the prolonged period of restrictive interest rates by the Fed. Consequently, production expanded (50.3) for the first time in six months. In turn, the gauge measuring prices faced by firms rose to 52.5, ahead of market expectations of 51.7, to maintain concerns of stubborn inflation. Firms noted a pickup in supplier deliveries and investments to undercut potential tariffs from the incoming Trump administration.