Time: 2:00 pm GMT, Morocco time: 3:00 hours Egypt time: 5:00 pm, Saudi time: 6:00 pm , Emirates time: 7:00 pm
Previous: 49.4 Expected: 51.0 Actual: 53.8
US ISM Manufacturing Purchasing Managers’ Index (PMI)
The US ISM Manufacturing PMI is a monthly economic indicator that measures the level of business activity in the US manufacturing sector. It is based on a survey of purchasing managers from various manufacturing firms across the country.
The survey asks purchasing managers for their views on various aspects of their business, including new orders, production levels, inventory levels, supplier deliveries, and hiring. The responses are then grouped into an index ranging from 0 to 100.
A reading above 50 indicates that the manufacturing sector is expanding, while a reading below 50 indicates that it is contracting. Investors, economists, and policymakers closely watch the PMI as an indicator of the health of the US economy and as an indicator of future economic trends.
If the release of the US ISM Manufacturing PMI is larger than expected, it generally indicates that the manufacturing sector is growing faster than expected. This could be a positive signal for the US economy as a whole, as the manufacturing sector is a major driver of economic growth and job creation.
The release of the larger-than-expected PMI could also be seen as a bullish sign for the stock market, as it indicates that companies in the manufacturing sector are doing well and may be more likely to report solid earnings in the future. This can lead to increased investor confidence and higher share prices.
How does the US ISM Manufacturing Purchasing Managers Index (PMI) affect the trading of the US dollar in the forex market?
The ISM Manufacturing Purchasing Managers’ Index (PMI) can have an impact on the trading of the US dollar in the forex market, as it provides insight into the health of the US economy and can influence monetary policy decisions taken by the Federal Reserve.
If the PMI indicates that the manufacturing sector is expanding, it can be seen as a positive sign for the US economy, as it indicates that businesses are growing and creating jobs. This could increase demand for the US dollar as investors may view the currency as a safe haven and a good investment opportunity.
The agency responsible for issuing the US ISM Manufacturing Purchasing Managers’ Index (PMI)
The Institute for Supply Management (ISM) releases the US Manufacturing Purchasing Managers’ Index (PMI). ISM is a nonprofit organization based in the United States that serves supply chain professionals with educational resources, certifications, and networking opportunities. The organization was founded in 1915 and has a long history of providing data and insights about the manufacturing sector in the United States. ISM conducts monthly surveys of purchasing managers from various manufacturing companies across the country and uses the data to calculate the PMI. The PMI is widely used as an economic indicator and closely watched by investors, economists, and policymakers as a measure of the health of the US economy.
When is the US ISM Manufacturing Purchasing Managers’ Index (PMI) released?
The US Manufacturing PMI is released on a monthly basis. Specifically, it is issued on the first business day after the end of the reference month. For example, if the reference month is January, the PMI report will be released on the first business day of February
It is important to note that the release date and time can be subject to change, so traders and investors should refer to a reliable economic almanac or news source to stay up to date on the latest PMI release schedule.
Next release
Jul 3, 2024
