FX.co ★ U.S. ISM Manufacturing Prices Ease in July, Hinting at Softer Input Cost Pressures

The ISM Manufacturing Prices Index for the United States edged down in July 2026, signaling a modest easing in input cost pressures for manufacturers. The indicator slipped to 71.1 in July from 73.0 in June 2026.

While the index remains at an elevated level—still pointing to rising prices in the manufacturing sector—the decline suggests that the pace of price increases may be slowing. Market participants and policymakers often watch this gauge closely for early signs of changing inflation dynamics in the industrial economy.

The latest data were updated on 3 August 2026 and cover conditions through July, providing a fresh snapshot of cost trends facing U.S. manufacturers as they navigate input markets in the second half of the year.