Pristine Orders and Backlogs Contracting; Manufacturing Rising and Work Contracting; Provider Deliveries Quicker; Uncooked Fabrics Inventories Contracting; Shoppers’ Inventories Too Low; Costs Expanding; Exports and Imports Contracting
TEMPE, Ariz., Aug. 1, 2025 /PRNewswire/ — Financial job within the production sector shriveled in July for the 5th consecutive date, following a two-month enlargement preceded by means of 26 directly months of contraction, say the community’s provide executives within the fresh Production ISM® File On Trade®.
The document was once issued these days by means of Susan Spence, MBA, Chair of the Institute for Provide Control® (ISM®) Production Trade Survey Committee:
“The Manufacturing PMI® registered 48 percent in July, a 1-percentage point decrease compared to the 49 percent recorded in June. The overall economy continued in expansion for the 63rd month after one month of contraction in April 2020. (A Production PMI® above 42.3 p.c, over a duration of pace, in most cases signifies a variety of the total financial system.) The Pristine Orders Index shriveled for the 6th date in a row following a three-month duration of enlargement; the determine of 47.1 p.c is 0.7 share level upper than the 46.4 p.c recorded in June. The July studying of the Manufacturing Index (51.4 p.c) is 1.1 share issues upper than June’s determine of fifty.3 p.c. The Costs Index remained in enlargement (or ‘expanding’) area, registering 64.8 p.c, ill 4.9 share issues in comparison to the studying of 69.7 p.c reported in June. The Backlog of Orders Index registered 46.8 p.c, up 2.5 share issues in comparison to the 44.3 p.c recorded in June. The Work Index registered 43.4 p.c, ill 1.6 share issues from June’s determine of 45 p.c.
“The Provider Deliveries Index indicated sooner supply efficiency then seven consecutive months in enlargement (or ‘slower’) area. The studying of 49.3 p.c is ill 4.9 share issues from the 54.2 p.c recorded in June. (Provider Deliveries is the one ISM® File On Trade® index this is inversed; a studying of above 50 p.c signifies slower deliveries, which is standard because the financial system improves and buyer call for will increase.) The Inventories Index registered 48.9 p.c, ill 0.3 share level in comparison to June’s studying of 49.2 p.c.
“The New Export Orders Index reading of 46.1 percent is 0.2 percentage point lower than the reading of 46.3 percent registered in June. The Imports Index registered 47.6 percent, 0.2 percentage point higher than June’s reading of 47.4 percent.”
Spence continues, “In July, U.S. production job shriveled at a sooner price, with declines within the Provider Deliveries and Work Indexes contributing as the most important elements within the 1-percentage level lack of the Production PMI®.
“The call for signs progressed, with the Pristine Orders and Backlog of Orders indexes contracting at slower charges, life the Shoppers’ Inventories and Pristine Export Orders indexes shriveled at reasonably sooner charges. A ‘too low’ condition for the Shoppers’ Inventories Index is most often regarded as certain for generation manufacturing.
“Referring to output, the Manufacturing Index greater date over date to travel additional into enlargement area, on the other hand; the Work Index dropped additional into contraction as panelists indicated that managing head rely remains to be the norm at their corporations, versus hiring. The blended signs in output counsel corporations nonetheless being wary of their hiring even with an build up in manufacturing.
“In the end, inputs (outlined as provider deliveries, inventories, costs and imports), on internet, declined additional into contraction area. The Inventories Index moved marginally additional into contraction area then increasing in April, as corporations paintings to let go or regulate stock to higher align with call for. The Provider Deliveries Index indicated sooner deliveries as provide chain efficiency progressed and slow call for persisted. Costs persisted to extend, however at a slower price. The Imports Index remained in contraction however moved upward reasonably.
“Looking at the manufacturing economy, 79 percent of the sector’s gross domestic product (GDP) contracted in July, up from 46 percent in June. Notably, 31 percent of GDP is strongly contracting (registering a composite PMI® of 45 percent or lower), up from 25 percent in June. The share of sector GDP with a PMI® at or below 45 percent is a good metric to gauge overall manufacturing weakness. Of the six largest manufacturing industries, none expanded in July, compared to four in June,” says Spence.
The seven production industries reporting enlargement in July — indexed to deliver — are: Attire, Leather-based & Allied Merchandise; Plastics & Rubber Merchandise; Nonmetallic Mineral Merchandise; Textile Turbines; Miscellaneous Production; Furnishings & Similar Merchandise; and Number one Metals. The ten industries reporting contraction in July — in refer to layout — are: Printing & Similar Backup Actions; Paper Merchandise; Chemical Merchandise; Equipment; Timber Merchandise; Fabricated Steel Merchandise; Laptop & Digital Merchandise; Transportation Apparatus; Electric Apparatus, Home equipment & Parts; and Meals, Beverage & Tobacco Merchandise.
WHAT RESPONDENTS ARE SAYING
- “Fairly flat quarter over quarter, but with us being in the safety and security sector (and with U.S. Customs and Border Protection as a customer), the recent bill that passed should result in an increase in business in the coming months.” [Computer & Electronic Products]
- “Sales continue at unprecedented growth, driven by data-center construction. Customers and the sales team continue to demand lower pricing, which drives down gross margins in face of input price increases, primarily from aluminum imports.” [Chemical Products]
- “These tariff wars are beginning to wear us out. It’s been very difficult to forecast what we will pay in duties and calculate any cost savings we’ve had this year. Also, tariffs have disrupted our customs import bond. There is zero clarity about the future, and it’s been a difficult few months trying to figure out where everything is going to land and the impact on our business. So far, tremendous and unexpected costs have been incurred.” [Apparel, Leather & Allied Products]
- “Currently, higher interest rates still depress the construction industry for new construction projects. Tariff policies are uncertain, which slows down (1) our investment in new projects, (2) component sourcing for new products, (3) blanket orders and (4) replenishment of large inventory quantities. Instead, we’re working to shift suppliers to lower political risk countries or develop domestic sources. We are impacted by the higher tariffs on costs of raw materials and components both sourced domestically and from overseas, and we expect expenses will be higher in the third and fourth quarters as we consume the inventory received with new and higher tariffs or update costs from domestic sources in the second quarter.” [Machinery]
- “Sales softening more than usual during the summer. Negotiations with non-U.S. manufacturers are strained as we are reluctant to issue POs for deliveries three or more months into the future with prices that include current tariffs.” [Fabricated Metal Products]
- “In the health-care world we continue with ‘business as normal,’ but we are increasingly searching and assessing geopolitical risk mitigation options.” [Miscellaneous Manufacturing]
- “Tariffs are causing complete uncertainty around sourcing strategies. A sit-and-wait game for now.” [Electrical Equipment, Appliances & Components]
- “Sales are about on par with 2024, but nowhere near budget forecast. Tariff concerns seem to be growing as the year progresses.” [Nonmetallic Mineral Products]
- “Business is steady, with solid bookings and backlog. Still uncertainty about tariffs and associated inflation.” [Furniture & Related Products]
- “Energy capacity, specifically in the grid operated by PJM Interconnection, continues to be one of the major concerns for business continuity and growth in this region. The procurement of power and rising natural gas prices in this region due to past green energy policies, coupled with future projected allocations for artificial intelligence data centers, adds additional stress to the PJM system.” [Primary Metals]
- “Cautiously stable. Tariff impacts are still being monitored. Some increases have been implemented while monitoring other products.” [Transportation Equipment]
|
MANUFACTURING AT A GLANCE July 2025 |
||||||
|
Index |
Layout Jul |
Layout Jun |
Share Level Trade |
Route |
Fee of |
Pattern* |
|
Production PMI® |
48.0 |
49.0 |
-1.0 |
Contracting |
Quicker |
5 |
|
Pristine Orders |
47.1 |
46.4 |
+0.7 |
Contracting |
Slower |
6 |
|
Manufacturing |
51.4 |
50.3 |
+1.1 |
Rising |
Quicker |
2 |
|
Work |
43.4 |
45.0 |
-1.6 |
Contracting |
Quicker |
6 |
|
Provider Deliveries |
49.3 |
54.2 |
-4.9 |
Quicker |
From Slower |
1 |
|
Inventories |
48.9 |
49.2 |
-0.3 |
Contracting |
Quicker |
3 |
|
Shoppers’ Inventories |
45.7 |
46.7 |
-1.0 |
Too Low |
Quicker |
10 |
|
Costs |
64.8 |
69.7 |
-4.9 |
Expanding |
Slower |
10 |
|
Backlog of Orders |
46.8 |
44.3 |
+2.5 |
Contracting |
Slower |
34 |
|
Pristine Export Orders |
46.1 |
46.3 |
-0.2 |
Contracting |
Quicker |
5 |
|
Imports |
47.6 |
47.4 |
+0.2 |
Contracting |
Slower |
4 |
|
OVERALL ECONOMY |
Rising |
Slower |
63 |
|||
|
Production Sector |
Contracting |
Quicker |
5 |
|||
Production ISM® File On Trade® information is seasonally adjusted for the Pristine Orders, Manufacturing, Work and Inventories indexes.
*Collection of months transferring in wave path.
COMMODITIES REPORTED UP/DOWN IN PRICE AND IN SHORT SUPPLY
Commodities Up in Value
Aluminum (20); Aluminum Merchandise; Brass Merchandise; Copper; Copper Merchandise; Corrugated Gardens (5); Electric Parts (6); Digital Parts (6); Fabricated Steel Parts; Freight; Polypropylene; Metal (6); Metal — Stainless (5); Metal Merchandise (5); and Cord Merchandise.
Commodities Indisposed in Value
Corn; Herbal Gasoline; Ocean Freight; and Soybean Meal.
Commodities in Cut Provide
Electric Parts, Digital Parts (5); and Uncommon Earth Magnets.
Notice: The choice of consecutive months the commodity is indexed is indicated then each and every merchandise.
JULY 2025 MANUFACTURING INDEX SUMMARIES
Production PMI®
The U.S. production sector shriveled in July for the 5th consecutive date then two months of enlargement preceded by means of 26 months of contraction. “The Manufacturing PMI® registered 48 percent, 1 percentage point lower compared to the 49 percent reported in June. Of the five subindexes that directly factor into the Manufacturing PMI®, only one (Production) is in expansion territory, down from two in June. The slowing of supplier deliveries in previous months reversed course, with a 4.9-percentage point index decrease indicating a drawdown of manufacturing inventories and easing port congestion. The Employment Index decreased and it remained with New Orders in contraction territory. None of the six biggest manufacturing industries registered growth in July,” says Spence. A studying above 50 p.c signifies that the producing sector is in most cases increasing; underneath 50 p.c signifies that it’s in most cases contracting.
A Production PMI® above 42.3 p.c, over a duration of pace, in most cases signifies a variety of the total financial system. Subsequently, the July Production PMI® signifies the total financial system grew for the 63rd directly date then contracting in April 2020. “The past relationship between the Manufacturing PMI® and the overall economy indicates that the July reading (48 percent) corresponds to a change of plus-1.6 percent in real gross domestic product (GDP) on an annualized basis,” says Spence.
THE LAST 12 MONTHS
|
Era |
Production |
Era |
Production PMI® |
|
Jul 2025 |
48.0 |
Jan 2025 |
50.9 |
|
Jun 2025 |
49.0 |
Dec 2024 |
49.2 |
|
Would possibly 2025 |
48.5 |
Nov 2024 |
48.4 |
|
Apr 2025 |
48.7 |
Oct 2024 |
46.9 |
|
Mar 2025 |
49.0 |
Sep 2024 |
47.5 |
|
Feb 2025 |
50.3 |
Aug 2024 |
47.5 |
|
Moderate for three hundred and sixty five days – 48.7 Top – 50.9 Low – 46.9 |
|||
Pristine Orders
ISM®‘s Pristine Orders Index shriveled in July for the 6th consecutive date then 3 consecutive months of enlargement, registering 47.1 p.c, an build up of 0.7 share level in comparison to June’s determine of 46.4 p.c. This studying is underneath the 12-month transferring moderate (48.3 p.c) for the Pristine Orders Index, which hasn’t indicated constant enlargement since a 24-month streak of enlargement resulted in Would possibly 2022. “Of the six largest manufacturing sectors, none reported increased new orders. Panelists noted continued weak demand, with a 1-to-1.4 ratio of positive comments to those expressing concern about near-term demand. Overall, new orders continue to slow amid tariff uncertainty; which party will pay tariff costs is still the prime issue in negotiations between buyers and sellers,” says Spence. A Pristine Orders Index above 52.1 p.c, over pace, is in most cases in step with an build up within the Census Bureau’s collection on production orders (in consistent 2000 greenbacks).
The 4 production industries that reported enlargement in fresh orders in July are: Attire, Leather-based & Allied Merchandise; Plastics & Rubber Merchandise; Number one Metals; and Miscellaneous Production. The 8 industries reporting a subside in fresh orders in June, to deliver, are: Paper Merchandise; Timber Merchandise; Petroleum & Coal Merchandise; Nonmetallic Mineral Merchandise; Fabricated Steel Merchandise; Equipment; Chemical Merchandise; and Laptop & Digital Merchandise. Six industries reported deny alternate in fresh orders in July.
|
Pristine Orders |
%Upper |
%Identical |
%Decrease |
Web |
Index |
|
Jul 2025 |
18.8 |
55.3 |
25.9 |
-7.1 |
47.1 |
|
Jun 2025 |
20.5 |
52.2 |
27.3 |
-6.8 |
46.4 |
|
Would possibly 2025 |
25.0 |
48.1 |
26.9 |
-1.9 |
47.6 |
|
Apr 2025 |
28.1 |
45.2 |
26.7 |
+1.4 |
47.2 |
Manufacturing
The Manufacturing Index persisted in enlargement area for the second one consecutive date in July, registering 51.4 p.c, 1.1 share issues upper than the June studying of fifty.3 p.c. Previous to the readings of enlargement in January and February, the index was once in contraction area for 8 consecutive months, with the former studying above 50 p.c in April 2024 (50.7 p.c). Of the six biggest production sectors, two (Petroleum & Coal Merchandise; and Transportation Apparatus) reported greater manufacturing. “Production levels in July, while improved, remain fragile amid continuing softness in new orders. Panelists had a 1-to-1.2 ratio of positive to negative comments regarding output,” says Spence. An index above 52.1 p.c, over pace, is in most cases in step with an build up within the Federal Stock Board’s Business Manufacturing figures.
The seven industries reporting enlargement in manufacturing throughout the date of July — in refer to layout — are: Attire, Leather-based & Allied Merchandise; Textile Turbines; Petroleum & Coal Merchandise; Plastics & Rubber Merchandise; Nonmetallic Mineral Merchandise; Miscellaneous Production; and Transportation Apparatus. The six industries reporting a cut in manufacturing in July, to deliver, are: Paper Merchandise; Equipment; Fabricated Steel Merchandise; Number one Metals; Electric Apparatus, Home equipment & Parts; and Chemical Merchandise.
|
Manufacturing |
%Upper |
%Identical |
%Decrease |
Web |
Index |
|
Jul 2025 |
20.1 |
60.7 |
19.2 |
+0.9 |
51.4 |
|
Jun 2025 |
20.7 |
60.6 |
18.7 |
+2.0 |
50.3 |
|
Would possibly 2025 |
19.1 |
56.3 |
24.6 |
-5.5 |
45.4 |
|
Apr 2025 |
19.8 |
56.0 |
24.2 |
-4.4 |
44.0 |
Work
ISM®‘s Work Index registered 43.4 p.c in July, 1.6 share issues less than June’s studying of 45 p.c. “The index posted its sixth consecutive month of contraction after expanding in January, with seven straight months of contraction before that. Since May 2022, the Employment Index has contracted in 32 of 39 months. Of the six big manufacturing sectors, none reported expanded employment in July. For every comment on hiring, there were two on reducing head counts — a fairly wide ratio, historically speaking — reflecting companies’ continuing focus on accelerating staff reductions due to uncertain near- to mid-term demand. Layoffs were the primary measure, an indication that staff shrinking continues to be urgent,” says Spence. An Work Index above 50.3 p.c, over pace, is in most cases in step with an build up within the Bureau of Hard work Statistics (BLS) information on production act.
Of the 18 production industries, 3 reported act enlargement in July: Nonmetallic Mineral Merchandise; Miscellaneous Production; and Plastics & Rubber Merchandise. The 11 industries reporting a cut in act in July, in refer to layout, are: Textile Turbines; Printing & Similar Backup Actions; Paper Merchandise; Number one Metals; Fabricated Steel Merchandise; Laptop & Digital Merchandise; Equipment; Meals, Beverage & Tobacco Merchandise; Electric Apparatus, Home equipment & Parts; Chemical Merchandise; and Transportation Apparatus.
|
Work |
%Upper |
%Identical |
%Decrease |
Web |
Index |
|
Jul 2025 |
12.6 |
62.4 |
25.0 |
-12.4 |
43.4 |
|
Jun 2025 |
10.4 |
72.1 |
17.5 |
-7.1 |
45.0 |
|
Would possibly 2025 |
14.1 |
68.2 |
17.7 |
-3.6 |
46.8 |
|
Apr 2025 |
13.1 |
70.7 |
16.2 |
-3.1 |
46.5 |
Provider Deliveries†
Supply efficiency of providers to production organizations was once sooner in July then seven months of slowing, with the Provider Deliveries Index registering 49.3 p.c, a 4.9-percentage level cut in comparison to the studying of 54.2 p.c reported in June. Of the six large industries, two (Meals, Beverage & Tobacco Merchandise; and Laptop & Digital Merchandise) reported slower provider deliveries in July. “The findings in July suggest that supply chain performance is improving as demand is slipping downward,” says Spence. A studying underneath 50 p.c signifies sooner deliveries, life a studying above 50 p.c signifies slower deliveries.
The 9 production industries reporting slower provider deliveries in July — in refer to layout — are: Nonmetallic Mineral Merchandise; Furnishings & Similar Merchandise; Paper Merchandise; Plastics & Rubber Merchandise; Number one Metals; Electric Apparatus, Home equipment & Parts; Meals, Beverage & Tobacco Merchandise; Laptop & Digital Merchandise; and Fabricated Steel Merchandise. The 4 industries reporting sooner provider deliveries in July are: Miscellaneous Production; Transportation Apparatus; Chemical Merchandise; and Equipment.
|
Provider Deliveries |
%Slower |
%Identical |
%Quicker |
Web |
Index |
|
Jul 2025 |
8.7 |
81.1 |
10.2 |
-1.5 |
49.3 |
|
Jun 2025 |
14.7 |
79.0 |
6.3 |
+8.4 |
54.2 |
|
Would possibly 2025 |
19.1 |
73.9 |
7.0 |
+12.1 |
56.1 |
|
Apr 2025 |
16.6 |
77.2 |
6.2 |
+10.4 |
55.2 |
Inventories
The Inventories Index registered 48.9 p.c in July, ill 0.3 share level in comparison to the studying of 49.2 p.c in June. “Of the six big industries, only one (Food, Beverage & Tobacco Products) expanded in July,” says Spence. An Inventories Index more than 44.5 p.c, over pace, is in most cases in step with enlargement within the Bureau of Financial Research (BEA) figures on total production inventories (in chained 2000 greenbacks).
Of 18 production industries, the ten reporting upper inventories in July — indexed to deliver — are: Attire, Leather-based & Allied Merchandise; Textile Turbines; Paper Merchandise; Nonmetallic Mineral Merchandise; Number one Metals; Plastics & Rubber Merchandise; Miscellaneous Production; Fabricated Steel Merchandise; Electric Apparatus, Home equipment & Parts; and Meals, Beverage & Tobacco Merchandise. The 5 industries reporting decrease inventories in July are: Timber Merchandise; Chemical Merchandise; Laptop & Digital Merchandise; Transportation Apparatus; and Equipment.
|
Inventories |
%Upper |
%Identical |
%Decrease |
Web |
Index |
|
Jul 2025 |
15.2 |
67.2 |
17.6 |
-2.4 |
48.9 |
|
Jun 2025 |
15.6 |
64.9 |
19.5 |
-3.9 |
49.2 |
|
Would possibly 2025 |
15.6 |
63.2 |
21.2 |
-5.6 |
46.7 |
|
Apr 2025 |
20.8 |
59.2 |
20.0 |
+0.8 |
50.8 |
Shoppers’ Inventories†
ISM®‘s Shoppers’ Inventories Index registered a studying of 45.7 p.c in July, a cut of one share level in comparison to the studying of 46.7 p.c in June. “Customers’ inventory levels in July continued to contract and took a step away from ‘about right’ territory,” says Spence. (For more info concerning the Shoppers’ Inventories Index, see the “Data and Method of Presentation” division underneath.)
The 3 industries reporting consumers’ inventories as too top in July are: Timber Merchandise; Miscellaneous Production; and Transportation Apparatus. The 11 industries reporting consumers’ inventories as too low in July, to deliver, are: Textile Turbines; Printing & Similar Backup Actions; Number one Metals; Nonmetallic Mineral Merchandise; Electric Apparatus, Home equipment & Parts; Fabricated Steel Merchandise; Paper Merchandise; Furnishings & Similar Merchandise; Chemical Merchandise; Meals, Beverage & Tobacco Merchandise; and Equipment.
|
Shoppers’ |
% Reporting |
%Too Top |
%About Proper |
%Too |
Web |
Index |
|
Jul 2025 |
71 |
10.5 |
70.3 |
19.2 |
-8.7 |
45.7 |
|
Jun 2025 |
72 |
14.1 |
65.2 |
20.7 |
-6.6 |
46.7 |
|
Would possibly 2025 |
69 |
9.9 |
69.2 |
20.9 |
-11.0 |
44.5 |
|
Apr 2025 |
76 |
11.1 |
70.2 |
18.7 |
-7.6 |
46.2 |
Costs†
The ISM® Costs Index registered 64.8 p.c in July, lowering 4.9 share issues in comparison to the June studying of 69.7 p.c, indicating uncooked fabrics costs greater for the tenth directly date (at a slower price) then a cut in September. The Costs Index has greater 9.9 share issues over the time six months. Within the utmost 5 months, the index reached its absolute best ranges since June 2022, when it registered 78.5 p.c. The entire six biggest production industries — Equipment; Chemical Merchandise; Meals, Beverage & Tobacco Merchandise; Laptop & Digital Merchandise; Petroleum & Coal Merchandise; and Transportation Apparatus, in that layout — reported value will increase in July. “The Prices Index reading continues to be driven by increases in steel and aluminum prices that impact the entire value chain, as well as tariffs applied to many imported goods. Higher prices were reported by 35.4 percent of respondents in July, down substantially from 45.6 percent in June. The share of respondents reporting higher prices had consistently increased from November 2024 (12.2 percent) to April (49.2 percent), which was the highest level since June 2022 (65.2 percent),” says Spence. A Costs Index above 52.8 p.c, over pace, is in most cases in step with an build up within the Bureau of Hard work Statistics (BLS) Manufacturer Value Index for Intermediate Fabrics.
In July, the 16 industries that reported paying greater costs for uncooked fabrics, to deliver, are: Nonmetallic Mineral Merchandise; Textile Turbines; Furnishings & Similar Merchandise; Number one Metals; Plastics & Rubber Merchandise; Equipment; Timber Merchandise; Electric Apparatus, Home equipment & Parts; Fabricated Steel Merchandise; Miscellaneous Production; Chemical Merchandise; Meals, Beverage & Tobacco Merchandise; Laptop & Digital Merchandise; Petroleum & Coal Merchandise; Paper Merchandise; and Transportation Apparatus. Deny industries reported paying lowered costs for uncooked fabrics in July.
Costs |
%Upper |
%Identical |
%Decrease |
Web |
Index |
|
Jul 2025 |
35.4 |
58.8 |
5.8 |
+29.6 |
64.8 |
|
Jun 2025 |
45.6 |
48.1 |
6.3 |
+39.3 |
69.7 |
|
Would possibly 2025 |
45.1 |
48.5 |
6.4 |
+38.7 |
69.4 |
|
Apr 2025 |
49.2 |
41.1 |
9.7 |
+39.5 |
69.8 |
Backlog of Orders†
ISM®‘s Backlog of Orders Index registered 46.8 p.c, an build up of two.5 share issues in comparison to the June studying of 44.3 p.c, indicating layout backlogs shriveled for the thirty fourth consecutive date then a 27-month duration of enlargement that ended September 2022. Of the six biggest production industries, handiest Meals, Beverage & Tobacco Merchandise reported enlargement to deliver backlogs in July. “Continued contraction in both the New Orders and Backlog of Orders indexes means that trade issues and other geopolitical tensions are still at play. Significant improvement shouldn’t be expected until those issues begin to recede,” says Spence.
Of the 18 production industries, the 3 that reported enlargement to deliver backlogs in July are: Furnishings & Similar Merchandise; Meals, Beverage & Tobacco Merchandise; and Electric Apparatus, Home equipment & Parts. The 8 industries reporting decrease backlogs in July — in refer to layout — are: Paper Merchandise; Nonmetallic Mineral Merchandise; Plastics & Rubber Merchandise; Timber Merchandise; Equipment; Laptop & Digital Merchandise; Fabricated Steel Merchandise; and Chemical Merchandise. Seven industries reported deny alternate to deliver backlogs.
|
Backlog of Orders |
% |
%Upper |
%Identical |
%Decrease |
Web |
Index |
|
Jul 2025 |
89 |
18.3 |
56.9 |
24.8 |
-6.5 |
46.8 |
|
Jun 2025 |
91 |
14.9 |
58.7 |
26.4 |
-11.5 |
44.3 |
|
Would possibly 2025 |
92 |
15.8 |
62.6 |
21.6 |
-5.8 |
47.1 |
|
Apr 2025 |
92 |
15.1 |
57.2 |
27.7 |
-12.6 |
43.7 |
Pristine Export Orders†
ISM®‘s Pristine Export Orders Index shriveled in July, registering 46.1 p.c, ill 0.2 share level from June’s studying of 46.3 p.c. “Export orders contracted for the fifth consecutive month after growing in January and February. This brief period of expansion followed an ‘unchanged’ status (a reading of 50 percent), preceded by six straight months of contraction. The continued contraction of new export orders could be indicative of ongoing trade friction and dampened demand,” says Spence.
Of the 18 production industries, the one trade reporting enlargement in fresh export orders in July is Furnishings & Similar Merchandise. The 8 industries reporting a cut in fresh export orders in July — in refer to layout — are: Paper Merchandise; Number one Metals; Plastics & Rubber Merchandise; Fabricated Steel Merchandise; Electric Apparatus, Home equipment & Parts; Chemical Merchandise; Miscellaneous Production; and Equipment. 8 industries reported deny alternate in fresh export orders in July.
|
Pristine Export |
% Reporting |
%Upper |
%Identical |
%Decrease |
Web |
Index |
|
Jul 2025 |
71 |
7.5 |
77.2 |
15.3 |
-7.8 |
46.1 |
|
Jun 2025 |
75 |
12.1 |
68.3 |
19.6 |
-7.5 |
46.3 |
|
Would possibly 2025 |
73 |
11.8 |
56.5 |
31.7 |
-19.9 |
40.1 |
|
Apr 2025 |
74 |
8.7 |
68.8 |
22.5 |
-13.8 |
43.1 |
Imports†
ISM®‘s Imports Index remained in contraction for the fourth date in July then increasing for 3 directly months. The July determine of 47.6 p.c is a rise of 0.2 share level over the studying of 47.4 p.c in June. “Imports are contracting, though at a slower rate. The need to maintain import levels from previous months is lower, due in large part to slackening demand and tariff pricing,” says Spence.
The 5 industries reporting an build up in import volumes in July are: Textile Turbines; Meals, Beverage & Tobacco Merchandise; Plastics & Rubber Merchandise; Miscellaneous Production; and Fabricated Steel Merchandise. The six industries that reported decrease volumes of imports in July — in refer to layout — are: Timber Merchandise; Petroleum & Coal Merchandise; Paper Merchandise; Laptop & Digital Merchandise; Chemical Merchandise; and Equipment. Seven industries reported deny alternate in imports in July.
|
Imports |
% Reporting |
%Upper |
%Identical |
%Decrease |
Web |
Index |
|
Jul 2025 |
86 |
13.3 |
68.5 |
18.2 |
-4.9 |
47.6 |
|
Jun 2025 |
86 |
15.3 |
64.2 |
20.5 |
-5.2 |
47.4 |
|
Would possibly 2025 |
85 |
13.2 |
53.3 |
33.5 |
-20.3 |
39.9 |
|
Apr 2025 |
82 |
15.4 |
63.4 |
21.2 |
-5.8 |
47.1 |
†The Provider Deliveries, Shoppers’ Inventories, Costs, Backlog of Orders, Pristine Export Orders, and Imports indexes don’t meet the authorised standards for seasonal changes.
Purchasing Coverage
The common loyalty supremacy pace for Capital Expenditures in July was once 173 days, a cut of 2 days in comparison to June. The common supremacy pace in July for Manufacturing Fabrics was once 85 days, the similar as in June. The common supremacy pace for Upkeep, Restore and Running (MRO) Provides was once 44 days, a cut of 4 days in comparison to June.
|
% Reporting |
|||||||
|
Capital Expenditures |
Hand-to- Mouth |
30 Days |
60 Days |
90 Days |
6 Months |
1 Age+ |
Moderate Days |
|
Jul 2025 |
16 |
4 |
10 |
15 |
26 |
29 |
173 |
|
Jun 2025 |
17 |
3 |
9 |
13 |
29 |
29 |
175 |
|
Would possibly 2025 |
18 |
2 |
9 |
14 |
30 |
27 |
171 |
|
Apr 2025 |
16 |
4 |
11 |
14 |
28 |
27 |
169 |
|
% Reporting |
|||||||
|
Manufacturing Fabrics |
Hand-to- Mouth |
30 Days |
60 Days |
90 Days |
6 Months |
1 Age+ |
Moderate Days |
|
Jul 2025 |
9 |
28 |
22 |
26 |
8 |
7 |
85 |
|
Jun 2025 |
9 |
22 |
28 |
26 |
9 |
6 |
85 |
|
Would possibly 2025 |
8 |
24 |
30 |
24 |
9 |
5 |
81 |
|
Apr 2025 |
10 |
24 |
25 |
26 |
9 |
6 |
84 |
|
% Reporting |
|||||||
|
MRO Provides |
Hand-to- Mouth |
30 Days |
60 Days |
90 Days |
6 Months |
1 Age+ |
Moderate Days |
|
Jul 2025 |
31 |
35 |
17 |
12 |
4 |
1 |
44 |
|
Jun 2025 |
32 |
33 |
17 |
11 |
5 |
2 |
48 |
|
Would possibly 2025 |
31 |
35 |
16 |
10 |
7 |
1 |
47 |
|
Apr 2025 |
31 |
33 |
18 |
12 |
5 |
1 |
46 |
About This File
DO NOT CONFUSE THIS NATIONAL REPORT with the numerous regional buying reviews excused around the nation. The nationwide document’s knowledge displays all the U.S., life the regional reviews comprise basically regional information from their native vicinities. Additionally, the tips within the regional reviews isn’t old in calculating the result of the nationwide document. The ideas compiled on this document is for the date of July 2025.
The information introduced herein is received from a survey of producing provide executives according to knowledge they’ve accrued inside of their respective organizations. ISM® makes deny illustration, alternative than that said inside of this loose, in regards to the particular person corporate information assortment procedures. The information will have to be in comparison to all alternative financial information assets when old in decision-making.
Knowledge and Form of Presentation
The Production ISM® File On Trade® is according to information compiled from buying and provide executives national. The composition of the Production Trade Survey Committee is stratified in line with the North American Business Classification Device (NAICS) and each and every of refer to NAICS-based industries’ contribution to improper home product (GDP): Meals, Beverage & Tobacco Merchandise; Textile Turbines; Attire, Leather-based & Allied Merchandise; Timber Merchandise; Paper Merchandise; Printing & Similar Backup Actions; Petroleum & Coal Merchandise; Chemical Merchandise; Plastics & Rubber Merchandise; Nonmetallic Mineral Merchandise; Number one Metals; Fabricated Steel Merchandise; Equipment; Laptop & Digital Merchandise; Electric Apparatus, Home equipment & Parts; Transportation Apparatus; Furnishings & Similar Merchandise; and Miscellaneous Production (merchandise reminiscent of scientific apparatus and provides, jewellery, wearing items, toys and workplace provides). The information is weighted according to each and every trade’s contribution to GDP. Consistent with BEA estimates (the common of the fourth quarter 2023 GDP estimate and the GDP estimates for first, 2nd, and 3rd quarter 2024, as excused on December 19, 2024), the six biggest production industries are: Chemical Merchandise; Transportation Apparatus; Laptop & Digital Merchandise; Meals, Beverage & Tobacco Merchandise; Equipment; and Petroleum & Coal Merchandise.
Survey responses mirror the alternate, if any, within the wave date in comparison to the former date. For 9 signs (Pristine Orders, Backlog of Orders, Pristine Export Orders, Imports, Manufacturing, Provider Deliveries, Inventories, Work, and Costs), this document displays the proportion reporting each and every reaction, the online remaining between the choice of responses within the certain financial path (upper, higher and slower for Provider Deliveries) and the destructive financial path (decrease, worse and sooner for Provider Deliveries), and the diffusion index. For Shoppers’ Inventories, respondents document their review in their consumers’ reserve ranges of respondent corporations’ merchandise this date (in lieu than utmost date): too top, about proper, and too low. Responses are uncooked information and are by no means modified. The diffusion index contains the p.c of certain responses plus one-half of the ones responding the similar (regarded as certain).
The ensuing unmarried index quantity for the ones assembly the factors for seasonal changes (Production PMI®, Pristine Orders, Manufacturing, Work and Inventories) is next seasonally adjusted to permit for the results of repetitive intra-year diversifications ensuing basically from standard variations in climate statuses, numerous institutional preparations, and variations due to non-moveable vacations. All seasonal adjustment elements are topic every year to slightly minor adjustments when statuses warrant them. The Production PMI® is a composite index according to the diffusion indexes of 5 of the indexes with equivalent weights: Pristine Orders (seasonally adjusted), Manufacturing (seasonally adjusted), Work (seasonally adjusted), Provider Deliveries, and Inventories (seasonally adjusted).
Diffusion indexes have the homes of eminent signs and are handy abstract measures appearing the widespread path of alternate and the scope of alternate. A Production PMI® studying above 50 p.c signifies that the producing financial system is in most cases increasing; underneath 50 p.c signifies that it’s in most cases declining. A Production PMI® above 42.3 p.c, over a duration of pace, signifies that the total financial system, or improper home product (GDP), is in most cases increasing; underneath 42.3 p.c, it’s in most cases declining. The space from 50 p.c or 42.3 p.c is indicative of the level of the growth or subside. With one of the signs inside of this document, ISM® has indicated the retirement level between enlargement and subside of similar executive collection, as aspiring by means of regression research. For the Shoppers’ Inventories Index, numerically, a studying: above 50 p.c is “too high,” equivalent to 50 p.c is “about right,” and underneath 50 p.c is “too low.” On the other hand, in apply and within the context of alternative information, consumers’ inventories is also regarded as to be “about right” if the diffusion index is between 52 p.c (the top facet of about proper) and 48 p.c (the low facet of about proper).
The Production ISM® File On Trade® survey is shipped out to Production Trade Survey Committee respondents the primary a part of each and every date. Respondents are requested to document on knowledge for the wave date for U.S. operations handiest. ISM® receives survey responses right through maximum of any given date, with nearly all of respondents in most cases ready till past due within the date to put up responses to present probably the most correct image of wave trade job. ISM® next compiles the document for loose at the first trade year of refer to date.
The industries reporting enlargement, as indicated within the Production ISM® File On Trade® per thirty days document, are indexed within the layout of maximum enlargement to least enlargement. For the industries reporting contraction or decreases, the ones are indexed within the layout of the absolute best degree of contraction/ the least degree of contraction/cut.
Responses to Purchasing Coverage mirror the p.c reporting the wave date’s supremacy pace, the approximate weighted choice of days forward for which loyalty are made for Capital Expenditures; Manufacturing Fabrics; and Upkeep, Restore and Running (MRO) Provides, expressed as hand-to-mouth (5 days), 30 days, 60 days, 90 days, six months (180 days), a 12 months or extra (360 days), and the weighted moderate choice of days. Those responses are uncooked information, by no means revised, and no longer seasonally adjusted.
ISM ROB Content material
The Institute for Provide Control® (“ISM”) File On Trade® (each Production and Non-Production) (“ISM ROB”) accommodates knowledge, textual content, information, photographs, video, sounds, musical works, works of authorship, packages, and any alternative fabrics or content material (jointly, “Content”) of ISM (“ISM ROB Content”). ISM ROB Content material is secure by means of copyright, trademark, industry undisclosed, and alternative rules, and as between you and ISM, ISM owns and keeps all rights within the ISM ROB Content material. ISM hereby grants you a restricted, revocable, nonsublicensable license to get right of entry to and show in your particular person tool the ISM ROB Content material (except for any instrument code) only in your non-public, non-commercial usefulness. The ISM ROB Content material shall additionally comprise Content material of customers and alternative ISM licensors. Aside from as equipped herein or as explicitly allowed in writing by means of ISM, you shall no longer booklet, obtain, tide, seize, reproduce, replica, archive, add, adjust, translate, submit, broadcast, transmit, retransmit, distribute, carry out, show, promote, or in a different way usefulness any ISM ROB Content material.
Aside from as explicitly and expressly accredited by means of ISM, you’re strictly prevented from developing works or fabrics (together with however no longer restricted to tables, charts, information streams, time-series variables, fonts, icons, hyperlink buttons, wallpaper, desktop topics, on-line postcards, montages, mashups and homogeneous movies, greeting playing cards, and unlicensed products) that derive from or are according to the ISM ROB Content material. This prohibition applies irrespective of whether or not the by-product works or fabrics are offered, bartered, or given away. You shall no longer both at once or in the course of the usefulness of any tool, instrument, web website, web-based provider, or alternative approach take away, adjust, diversion, keep away from, intrude with, or circumvent any copyright, trademark, or alternative proprietary notices marked at the Content material or any virtual rights control mechanism, tool, or alternative content material coverage or get right of entry to keep an eye on measure related to the Content material together with geo-filtering mechanisms. With out prior written authorization from ISM, you shall no longer create a trade using the Content material, possibly later for cash in.
You shall no longer manufacture, recreate, distribute, incorporate in alternative paintings, or put it up for sale an index of any portion of the Content material until you obtain prior written authorization from ISM. Needs for permission to breed or distribute ISM ROB Content material will also be made by means of contacting in writing at: ISM Analysis, Institute for Provide Control, 309 West Elliot Highway, Suite 113, Tempe, Arizona 85284-1556, or by means of emailing [email protected]. Matter: Content material Request.
ISM shall no longer have any legal responsibility, accountability, or legal responsibility for or on the subject of the ISM ROB Content material or alternative knowledge contained herein, any mistakes, inaccuracies, omissions or delays in offering any ISM ROB Content material, or for any movements taken in reliance thereon. In deny match shall ISM be accountable for any particular, incidental, or consequential damages bobbing up out of the usefulness of the ISM ROB. File On Trade®, PMI®, Production PMI®, Services and products PMI®, Health center PMI®, and NMI® are registered logos of Institute for Provide Control®. Institute for Provide Control® and ISM® are registered logos of Institute for Provide Control, Inc.
About Institute for Provide Control® (ISM®)
Institute for Provide Control® (ISM®) is the primary and eminent not-for-profit skilled provide control group international. Its people of greater than 50,000 in additional than 100 international locations around the globe top about US$1 trillion in company and executive provide chain procurement every year. Based in 1915 by means of practitioners, ISM is dedicated to advancing the tactic and apply of built-in, end-to-end provide chain control thru eminent edge data-driven assets, people, and training to empower folks, manufacture organizational price and to power aggressive benefit. ISM’s visual is to foster a wealthy, sustainable international. ISM empowers and leads the career in the course of the ISM® File On Trade®, its very talked-about certification and coaching methods, company services and products, occasions and tests. The ISM® File On Trade®, Production, Services and products, and Health center are 3 of probably the most decent financial signs to be had, offering steerage to offer control pros, economists, analysts, and executive and trade leaders. For more info, please seek advice from: www.ismworld.org.
The entire textual content model of the Production ISM® File On Trade® is posted on ISM®‘s web site at www.ismrob.org at the first trade year* of each and every date then 10:00 a.m. ET. The only exception is in January when the document is excused on the second one trade year of the date.
The after Production ISM® File On Trade® that includes August 2025 information can be excused at 10:00 a.m. ET on Tuesday, September 2, 2025.
*Except the Pristine York Hold Alternate is closed.
|
Touch: |
Kristina Cahill |
|
File On Trade® Analyst |
|
|
ISM®, ROB/Analysis Supervisor |
|
|
Tempe, Arizona |
|
|
+1 480.455.5910 |
|
|
Electronic mail: [email protected] |
SOURCE Institute for Provide Control








