ISM: U.S. Manufacturing Activity Contracts for Eighth Straight Month

November 5, 2025--Written by Danny Levin, Deputy Editor for Industrial Info Resources (Sugar Land, Texas)--The Institute for Supply Management's (ISM) latest Purchasing Manager's Index (PMI) survey indicates U.S. manufacturing activity contracted for the eighth straight month as tariffs and related uncertainty continue to have an impact.All four of the PMI's demand indicators--the New Orders, New Export Orders, Backlog of Orders, and Customers' Inventories indexes--improved from September, altho