ISM Manufacturing PMI Jun: 53.3index vs 53.8index expected (below expectations)
ISM Manufacturing PMI slipped to 53.3 in June from 54.0 in May, below the roughly 53.8 consensus but still expansionary for a sixth straight month. New orders and production kept growing, employment stayed in contraction, and prices remained hot at 73.0 despite easing from May's 82.1.
📊 Results
Actual Reading
Market Reaction
💡 Key Takeaway
Manufacturing cooled but did not break. The uncomfortable mix was slower factory momentum, contracting employment, and sticky tariff/geopolitical price pressure — not enough for a dovish Fed reset.
📖 Why This Matters
Factories kick off Q3 with a summer slowdown check: still expanding, or just paying more for inputs?
ISM Manufacturing PMI Jun actual vs expected
| Release date | Wednesday, July 1, 2026 at 10:00 ET |
|---|---|
| Event type | ISM |
| Actual | 53.3index |
| Expected | 53.8index |
| Prior | 54index |
| Expectation surprise | below expectations |
📚 Related calendar tools and guides
FAQ
What was the ISM Manufacturing PMI Jun result?
ISM Manufacturing PMI Jun came in at 53.3index versus 53.8index expected, below expectations.
How did markets react to ISM Manufacturing PMI Jun?
Modestly growth-negative but not recessionary; the softer headline was offset by still-elevated input prices and resilient new orders.
🔗 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.