ISM Manufacturing PMI Sep: Results, market reaction, and key takeaway
September ISM Manufacturing PMI was 54.5, down from 54.6 in August, marking a ninth consecutive month of expansion. New orders improved to 55.3 and employment to 52.7, while the prices index rose to 77.9 from 71.1.
📊 Results
Actual Reading
💡 Key Takeaway
Factory demand continued expanding, but input-price pressure strengthened. ISM respondents listed memory and electronic components among supply shortages, a constraint to watch for the AI infrastructure build-out rather than evidence that its demand is weakening.
📖 Why This Matters
September factory check: still expanding, and are input prices finally easing?
ISM Manufacturing PMI Sep actual vs expected
| Release date | Thursday, October 1, 2026 at 10:00 ET |
|---|---|
| Event type | ISM |
| Actual | 54.5index |
| Prior | 54.6index |
📚 Related calendar tools and guides
🔗 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.