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    July 1, 2024

    ISM: Manufacturing sector slips in June

    Written by Brett Linton

    US manufacturing activity contracted again in June, as reported in the latest release from the Institute for Supply Management (ISM). The Index has indicated contraction in the manufacturing sector for 19 of the last 20 months.

    The ISM Manufacturing PMI eased to 48.5% in June, down 0.2 percentage points from May and now marking the second-lowest reading of the year. A reading above 50 indicates the manufacturing economy is growing, while a reading below 50 indicates contraction.

    Brett Linton

    Brett Linton is a digital operations analyst for Steel Market Update, where he began his career. Linton has been in the steel industry since 2010. He has held roles as a category manager and strategic insights director at Reibus before returning to SMU in 2024. He is a graduate of The University of North Georgia with a degree in Finance and Accounting. Brett can be reached at brett@steelmarketupdate.com or 724-314-0179.

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