US: ISM Manufacturing PMI eases to 58.1 in July vs. 59.5 expected

 “The July PMI registered 58.1 percent, a decrease of 2.1 percentage points from the June reading of 60.2 percent," the Institue for Supply Management reported on Tuesday.

Key takeaways from the official publication

• The New Orders Index registered 60.2 percent, a decrease of 3.3 percentage points from the June reading of 63.5 percent.
• The Production Index registered 58.5 percent, a 3.8 percentage point decrease compared to the June reading of 62.3 percent.
• The Employment Index registered 56.5 percent, an increase of 0.5 percentage point from the June reading of 56 percent.
• The Supplier Deliveries Index registered 62.1 percent, a 6.1 percentage point decrease from the June reading of 68.2 percent.
• The Inventories Index registered 53.3 percent, an increase of 2.5 percentage points from the June reading of 50.8 percent.
• The Prices Index registered 73.2 percent in July, a 3.6 percentage point decrease from the June reading of 76.8 percent, indicating higher raw materials prices for the 29th consecutive month.