ISM Manufacturing PMI Eases to 53.3% in June; Prices Index Posts Largest One-Month Drop Since 2022
- The June ISM Manufacturing PMI came in at 53.3%, down 0.7 points from May but still above the 50% expansion threshold for the sixth straight month.
- The Prices Index plunged to 73.0%—the largest single-month decline since 2022—signaling meaningful disinflation in the manufacturing pipeline, while New Orders (56.0%) and Production (52.2%) continued to expand but at a slower pace.
- The disinflationary signal adds to the dovish mix from Friday's soft jobs report and could reinforce expectations for a Fed hold or eventual cut, per WSJ market reporting.