#METALMARKETUPDATE – JANUARY ’23
The ISM Manufacturing Index (PMI) fell for the second straight month to 48.4 in December, following a score of 49 in November. The reading shows further contraction in factory activity,…
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#METALMARKETUPDATE – DECEMBER ’22
The ISM Manufacturing Index (PMI) fell to 49 in November, the lowest mark since May of 2020. The change from October (50.2) wasn’t stark, but the reading below 50 does indicate…
#METALMARKETUPDATE – NOVEMBER ’22
The ISM Manufacturing Index (PMI) continued to decline in October, registering a 50.2 reading from the 50.9 level in September. The new orders metric contracted for the fifth consecutive month, possibly…
#METALMARKETUPDATE – OCTOBER ’22
September’s ISM Manufacturing (PMI) fell to a 50.9 reading from the 52.8 registered in August. While the manufacturing sector continues to expand, activity is at its lowest since the pandemic recovery…
#METALMARKETUPDATE – September ’22
The ISM Manufacturing Index (PMI) stayed steady in August, coming in at 52.8, the exact same as July. This marks the 27th consecutive month of growth. Of note this month are comments that…
#METALMARKETUPDATE – July ’22
The June ISM Manufacturing Index (PMI) decreased 3 percentage points, posting a 53 mark compared to May’s 56.1. This is the lowest reading since June 2020. Survey respondents noted that supply chain…
