Economy
July 2, 2015
The ISM Manufacturing Index Again Shows Positive Growth in June
Written by Peter Wright
The Institute of Supply Management released their June report on July 1st. An explanation of the ISM index is given at the end of this piece. After seven straight months of decline the index gained 1.3 points in May and a further 0.7 points in June to end at 53.5 with a three month moving average of 52.60.
The June gain was sufficient to reverse the decline in the 3MMA which had been ongoing for seven months. Any number >50 indicates expansion. The three month moving average is now above the 302 month average since March 1990 which stands at 52.21. There has only been one month in over five years that the index has not exceeded the positive growth threshold of 50 (Figure 1).
