Past Release · ISM Mfg
July 2023 ISM Mfg Report
Saturday, July 1, 2023
ISM Mfg printed at 100.91, a +0.79% move from the prior reading of 100.12.
Headline Reading
Industrial Production→100.91
Jul 1
Prior
100.12
Absolute
+0.79
Percent
+0.79%
What to Watch For
- •Headline ISM vs 50 threshold
- •New orders subindex, forward indicator
- •Employment subindex
- •Prices paid, inflation signal
- •Supplier deliveries, supply chain signal
- •Inventories relative to new orders
Expected Market Reaction
ISM beat with strong new orders: industrials/cyclicals outperform, copper/oil up, rates up. ISM miss with weak new orders: defensives outperform, rates down, dollar up.
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