ITR US ISM PMI

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ITR US ISM PMI

Published September 03, 2026

September 2026 Report

US ISM PMI (Purchasing Managers Index)

PMI 1/12 TICKED DOWN IN AUGUST; GENERAL TREND SUPPORTS INDUSTRIAL SECTOR EXPANSION THROUGH AT LEAST MID-2027

The US ISM PMI (Purchasing Managers Index) 1/12 ticked down in August. The overall trend in the 1/12 supports our expectations for mild US industrial sector growth through 2026, although PMI results in recent months suggest potential upside risk to our expectations for 2027.