According to @KobeissiLetter, the ISM Manufacturing PMI decreased by 0.4 points in October to 48.7, the lowest since July (source: @KobeissiLetter; source: Institute for Supply Management). This marks the eighth consecutive monthly contraction in the headline PMI, remaining below the 50 threshold (source: @KobeissiLetter; source: Institute for Supply Management). New Orders printed 49.4 and stayed in contraction for the eighth month out of the last nine (source: @KobeissiLetter; source: Institute for Supply Management). The Employment Index came in at 46.0, posting a ninth straight monthly contraction (source: @KobeissiLetter; source: Institute for Supply Management). Prices Paid fell 3.9 points to 58.0, the fourth consecutive monthly decline, suggesting weakening demand is easing cost pressures (source: @KobeissiLetter; source: Institute for Supply Management). ISM notes that readings below 50 indicate contraction in manufacturing activity, reinforcing the contractionary signal across headline, new orders, and employment (source: Institute for Supply Management).

According to The Kobeissi Letter, the ISM Manufacturing PMI index decreased by 1.3 points in March 2025, reaching 49.0 and indicating a return to contraction after two months of expansion. The employment index also dropped significantly by 2.9 points, hitting 44.7, the lowest since September 2024. This decline suggests potential impacts on the cryptocurrency market, as manufacturing slowdowns can influence investor confidence and trading volumes.

According to The Kobeissi Letter, the ISM Manufacturing PMI fell by -0.5 points to 50.3 in February, missing expectations of 50.9. A significant decline in new orders by -6.5 points to 48.6, entering contraction territory, underscores a bleak outlook for the manufacturing sector. The employment index also decreased, hinting at potential stagflation risks.

According to The Kobeissi Letter, the ISM Manufacturing PMI fell by -0.5 points to 50.3 in February, below the expected 50.9. New orders significantly decreased by -6.5 points to 48.6, entering contraction territory and indicating a bleak outlook for the manufacturing sector. The employment index also declined, suggesting potential stagflation concerns.