ISM’s Production Index registered 52.3 percent in July, which is a decrease of 2.2 percentage points when compared to the June reading of 54.5 percent. An index above 51 percent, over time, is generally consistent with an increase in the Federal Reserve Board’s Industrial Production figures. This is the 26th consecutive month the Production Index has registered above 50 percent.
The seven industries reporting growth in production during the month of July — listed in order — are: Printing & Related Support Activities; Computer & Electronic Products; Furniture & Related Products; Miscellaneous Manufacturing; Paper Products; Fabricated Metal Products; and Transportation Equipment. The seven industries reporting a decrease in production in July — listed in order — are: Apparel, Leather & Allied Products; Plastics & Rubber Products; Textile Mills; Nonmetallic Mineral Products; Machinery; Chemical Products; and Electrical Equipment, Appliances & Components.