CONVEX
Past Release · ISM Mfg

March 2024 ISM Mfg Report

Friday, March 1, 2024

ISM Mfg printed at 100.46, a +0.17% move from the prior reading of 100.28.

Headline Reading
Industrial Production
100.46
Mar 1
Prior
100.28
Absolute
+0.17
Percent
+0.17%

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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