Past Release · ISM Mfg
February 2024 ISM Mfg Report
Thursday, February 1, 2024
ISM Mfg printed at 100.28, a +1.07% move from the prior reading of 99.22.
Headline Reading
Industrial Production→100.28
Feb 1
Prior
99.22
Absolute
+1.06
Percent
+1.07%
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.
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