Market Update





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February 2024

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 76.58% in January 2024, -0.67% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -2.2%.
ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 2.9 points month on month (+5.7% m/m) to 53.4 in January 2024.
ISM Manufacturing Index: The Institute for Supply Management’s manufacturing index moved up 3.6% (m/m) to 49.1 for January 2024; this value is weaker than the forecast of 50. The new orders sub-index scored at 52.5. The reading continued to point to a contraction in the manufacturing sector, although at a much softer pace, as demand moderately improved, output remained stable, and inputs are accommodative.

January 2024

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.06% in December 2023, -0.06% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -0.09%.

September 2023

U.S. Manufacturing Capacity Utilization: Manufacturing capacity utilization (MCU) reached 77.8% in August 2023, +0.03% month on month (m/m). On a year on year (y/y) comparison, the MCU was a modest -1.89%.
ISM Non-Manufacturing Index: The Institute for Supply Management’s non-manufacturing index increased by 1.8 points month on month (+3.4% m/m) to 54.5 in August 2023.
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