ISM Manufacturing stands at 55.6 as of July 2026, up from 48.4 a year earlier. The reading sits in the 65th percentile of its history back to 1948.
| Latest (July 2026) | 55.6 |
| One year ago | 48.4 |
| 10-year range | 41.8 – 63.8 |
| All-time range | 29.4 (1980) – 77.5 (1950) |
| Standing | Highest since 2022 |
| Change over 12 months | +7.2 |
| Percentile vs. full history | 65th |
| History | 1948–2026 (932 observations) |
The ISM Manufacturing PMI, a survey of purchasing managers. Above 50 means manufacturing is expanding; below 50, contracting. Sub-45 readings have historically coincided with recessions. One of the oldest and most-watched monthly growth gauges (history to 1948).
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<a href="https://www.tacticalassetallocation.com/charts/ism-manufacturing-pmi/">ISM Manufacturing — Cambria Chart Lab</a>