What is ISM PMI?
ISM PMI is the Purchasing Managers’ Index of Institute for Supply Management. A monthly survey-based indicator of U.S. economic health for manufacturing and services (20% & 80% of US GDP). Readings above 50 signal expansion; below 50 indicate contraction.
Oct 01, 2025
PMI
September’s reading: 49.1 (up from 48.7),
Indicating continued contraction but at a slightly slower pace.
Manufacturing PMI
September: 49.1, marking a seventh straight month below 50.
Manufacturing activity remains weak,
Employment PMI
September: 45.3, pointing to ongoing contraction in factory hiring.
Signals continued reluctance to add labor amid soft demand.
Conclusion:
Manufacturing is still contracting, though the pace has eased slightly , employment remains a clear weak spot, keeping the outlook cautious heading into year-end.