Manufacturing PMI® at 47.2%; August 2024 Manufacturing ISM® Report On Business® The manufacturing sector in the United States, it appears, is experiencing a bit of a downturn. The latest report by ISM® shows the Purchasing Managers Index (PMI®) at a level of 47.2 percent. Let’s dive right in to unpack these nuances. Understanding the PMI®August 2024 Manufacturing Report: PMI® Dips to 47.2%