"ISM PMI Report Explained: Manufacturing & Services Data Show Economic Expansion in 2026"

Are we heading into economic expansion or just holding steady? Steve Miller breaks down the latest ISM Manufacturing and Services PMI reports — what the numbers really mean for jobs, prices, and supply chains going into the rest of 2026. All four PMI subindexes are now above 50, signaling growth. Employment jumped over three points. The Prices Index eased, hinting inflation pressure may be cooling. But supply chains are still tight in specific areas — especially data center components and petroleum products — and geopolitical events keep adding uncertainty. In this episode, Steve covers: – How to actually read a PMI report (and what the subindexes tell you) – Why employment numbers jumped – Where supply chains are still under pressure – What's driving prices up or down right now – Where economists expect growth to head next – Which industries offer the strongest job opportunities today Whether you're in manufacturing, supply chain, or just trying to make sense of what's happening with jobs and prices, this episode gives you a clear, no-jargon read on where the economy stands right now. Resource: ISM PMI Report — ismworld.org A Manufacturing Talk Radio production. Learn more about your ad choices. Visit megaphone.fm/adchoices