Jobs are always a hot election issue, and for stable, good-paying jobs, you need a robust manufacturing sector. The United States is once more becoming a country that makes things, that builds, and the evidence of that is roaring in. CNBC's Rick Santelli has some of those numbers, and they are encouraging.
CNBC: "On manufacturing — comes in much better than expected, 55.6%. That would be the best read in over four years, since May of '22." 🔥 https://t.co/KJujRqPchS pic.twitter.com/Ga6DhbPwpg
— Rapid Response 47 (@RapidResponse47) August 3, 2026
Mr. Santelli reports:
If we look at manufacturing, these are fresh July reads from the ISM on manufacturing. Comes in much better than expected, 55.6 would be the best read in over four years. Since May of 22.
PMI would be "Purchasing Managers Index," an index compiled from data including new orders, production and output, employment, supplier deliveries (how long it takes to get materials), and inventories. Anything above 50 is considered as showing positive growth in manufacturing.
The Institute of Supply Management has issued its Manufacturing PMI Report for July, and that has more details:
The report was issued today by Susan Spence, MBA, Chair of the Institute for Supply Management® (ISM®) Manufacturing Business Survey Committee.
"The Manufacturing PMI® registered 55.6 percent in July, 2.3 percentage points above the June figure and the highest reading since May 2022 (55.9 percent). The overall economy continued in expansion for the 21st month in a row. (A Manufacturing PMI® above 47.5 percent, over a period of time, generally indicates an expansion of the overall economy.) The New Orders Index expanded for the seventh consecutive month after four straight readings in contraction, registering 56.7 percent, up 0.7 percentage point compared to June's figure of 56 percent. The July reading of the Production Index (58.5 percent) is 6.3 percentage points higher than the 52.2 percent recorded in June and the highest figure since November 2021 (60.5 percent). The Prices Index remained in expansion (or 'increasing' territory), registering 71.1 percent, a 1.9-percentage point decrease from June's reading of 73 percent. The Backlog of Orders Index registered 55 percent, up 4.5 percentage points compared to the 50.5 percent recorded in June. The Employment Index reading of 52.8 percent is up 3.1 percentage points from June's figure of 49.7 percent, putting the index in expansion territory for the first time in 33 months," says Spence.
Those are all pretty good numbers. The production index in particular is looking very good, as is the employment index. Everything is up over June's report.
This spells jobs. Good-paying, stable manufacturing jobs, which are the very basis of any modern, industrial economy. This is the sign of an economy getting back on track. This is the sign of America once more becoming a nation that makes things, that builds things; it's a sign that we are on our way back to being an industrial powerhouse. That's good for the American people, and it's good for the American economy.
That's also a great position to be in if you're a Republican politician looking ahead to the midterms this fall. People vote their bank balances, and things economically are looking up.
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