Time: 1:45 pm GMT, Morocco time: 2:45 hours, Egypt time: 4:45 hours, Saudi time: 5:45 hours, Emirates time: 6:45 hours
Previous: 50.0 Expected: 49.9 Actual: 49.4
What is the US Manufacturing Purchasing Managers Index (PMI)?
The Manufacturing Purchasing Managers’ Index (PMI) in the United States is an economic indicator that is used to measure the activity of the manufacturing sector in France. The index is calculated by conducting a monthly survey of managers in manufacturing companies in France. The survey is evaluated on the basis of several indicators on the volume of production, demand, employment, supply, prices and other variables related to the manufacturing sector in the country.
If the monthly release of the US PMI is lower than expected, it means that manufacturing activity in the US may be weaker than expected and could lead to a contraction in the US economy. This could lead to a depreciation of the dollar against other currencies in the forex market, and could negatively affect confidence in the US economy. Thus, the PMI index can be used in the United States as a tool for making investment decisions in financial markets, but it must be considered as part of a comprehensive analysis of the economic situation in France, and based on other sources of economic, political and social information to make appropriate investment decisions.
How does the release of the US Manufacturing PMI affect dollar trading in the forex market?
The release of the US Manufacturing Purchasing Managers’ Index (PMI) significantly affects the trading of the US dollar in the forex market. This is because the index is an important indicator of the state of the US economy, and thus affects the expectations of traders and investors about the strength of the US economy and whether it will improve or decline in the future.
When the PMI is released with a value less than expected, this indicates a decline in the state of the US economy and a decrease in the activity of the manufacturing sector, and this leads to a general decline in the value of the US dollar in the forex market, as the US dollar becomes less attractive to investors and traders due to to the downturn in the US economy.
The agency responsible for issuing the US Manufacturing Purchasing Managers’ Index (PMI)
The US Manufacturing Purchasing Managers’ Index (PMI) is produced by the Institute for Supply Management (ISM), a nonprofit organization that develops the skills and knowledge of those responsible for managing supply chains and manufacturing.
When will the US Manufacturing PMI be released?
Released monthly, about 3 weeks into the current month
next release
Dec 15, 2023
