ISM Data Shows Costs Rising Even as Inventory Growth Slows

Manufacturing supplier deliveries slowed for the ninth consecutive month in August, while services deliveries have now slowed for ten months straight. The Logistics Managers Index shows transportation costs hitting 90.0 in August, the fourth time in five months above that threshold. Costs are rising even as inventory growth slows, which points to supply-driven inflation rather than demand.
Key Takeaways ISM Manufacturing Supplier Deliveries Index at 59.3% in August, up 0.4 points from July. ISM Services Supplier Deliveries at 52.6% in September, up 2.3% and slowing for the 10th month. LMI Transportation Prices at 90.0 in August, the fourth reading above 90 in five months. The ISM Manufacturin…
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