ISM Manufacturing PMI Jul: 55.6index vs 54index expected (above expectations)
ISM Manufacturing PMI jumped to 55.6 in July from 53.3, beating the 54.0 consensus and marking the strongest factory reading since May 2022. Production, new orders, exports, and employment all improved, while prices stayed elevated at 71.1.
📊 Results
Actual Reading
Market Reaction
💡 Key Takeaway
Manufacturing momentum broadened rather than narrowed. The growth side looked better, but prices above 70 kept the report from being cleanly dovish for the Fed.
📖 Why This Matters
July manufacturing check: did factories keep expanding after the summer inflation whiplash?
ISM Manufacturing PMI Jul actual vs expected
| Release date | Monday, August 3, 2026 at 10:00 ET |
|---|---|
| Event type | ISM |
| Actual | 55.6index |
| Expected | 54index |
| Prior | 53.3index |
| Expectation surprise | above expectations |
📚 Related calendar tools and guides
FAQ
What was the ISM Manufacturing PMI Jul result?
ISM Manufacturing PMI Jul came in at 55.6index versus 54index expected, above expectations.
How did markets react to ISM Manufacturing PMI Jul?
Stocks rallied broadly on the day, helped by tech strength, lower oil, and the stronger growth signal: S&P 500 +1.48%, Nasdaq Composite +2.13%, Dow +1.32%.
🔗 Related Events
ISM Manufacturing PMI Feb
Expansion held — PMI 52.4 (vs 52.6 prior). Second straight month above 50 but only the third time in 40 months. Factory gate inflation surged on tariff costs.
ISM Services PMI Feb
Blowout — 56.1 (vs 53.8 prior), highest since July 2022. Beat every single estimate in Bloomberg's survey. Services economy on fire despite everything.
ISM Manufacturing PMI Mar
Manufacturing improved to 52.7 in March from 52.4, beating the 52.0 consensus and marking the best reading since August 2022. Activity stayed in expansion, but supplier delays and tariff-related costs kept the inflation angle alive.