Past Release · ISM Mfg
September 2023 ISM Mfg Report
Friday, September 1, 2023
ISM Mfg printed at 101.02, a +0.18% move from the prior reading of 100.84.
Headline Reading
Industrial Production→101.02
Sep 1
Prior
100.84
Absolute
+0.18
Percent
+0.18%
What to Watch For
- •Headline ISM vs 50 threshold
- •New orders subindex, forward indicator
- •Employment subindex
- •Prices paid, inflation signal
- •Supplier deliveries, supply chain signal
- •Inventories relative to new orders
Expected Market Reaction
ISM beat with strong new orders: industrials/cyclicals outperform, copper/oil up, rates up. ISM miss with weak new orders: defensives outperform, rates down, dollar up.
Related Assets Around the Release
Related Scenarios
What Happens When ISM Manufacturing Drops Below 45?
What happens when the manufacturing sector enters deep contraction? Historical recession correlation, supply chain effects, and market reactions to collapsing factory output.
What Happens When the Sahm Rule Triggers?
What happens when the Sahm Rule recession indicator triggers? Every historical instance, market impacts, and what it means for your portfolio.
Get release-day analysis and market reaction framing before consensus forms.