RSM Manufacturing Index Shows ‘Remarkable Rebound’ in Industry Sentiment

OMA Connections Partner RSM reports that its Manufacturing Outlook Index shows “a remarkable rebound of sentiment in the U.S. manufacturing industry.” The RSM index, which anticipates the direction of manufacturing activity, is a composite of six regional Federal Reserve banks’ monthly surveys.

RSM cautions that “while the worst might be behind us, the index remains slightly negative … (and) suggests that a national recovery has yet to materialize. Moreover, damage to the manufacturing sector wrought by pullbacks and shutdowns of business across the economy due to an intensification of the pandemic will appear in the July sentiment and survey data, thus we do urge caution in interpreting the data going forward.” 6/30/2020

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