US: ISM Manufacturing PMI improves to 61.3 in August vs. 57.7 expected

“The August PMI registered 61.3 percent, an increase of 3.2 percentage points from the July reading of 58.1 percent," the ISM announced on Tuesday.

Key quotes

• The New Orders Index registered 65.1 percent, an increase of 4.9 percentage points from the July reading of 60.2 percent.
• The Production Index registered 63.3 percent, a 4.8-percentage point increase compared to the July reading of 58.5 percent.
• The Employment Index registered 58.5 percent, an increase of 2 percentage points from the July reading of 56.5 percent.
• The Supplier Deliveries Index registered 64.5 percent, a 2.4-percentage point increase from the July reading of 62.1 percent.
• The Inventories Index registered 55.4 percent, an increase of 2.1 percentage points from the July reading of 53.3 percent.
• The Prices Index registered 72.1 percent in August, a 1.1-percentage point decrease from the July reading of 73.2 percent, indicating higher raw materials prices for the 30th consecutive month.