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ISM Manufacturing PMI

The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI) provides a reliable outlook on the state of the US manufacturing sector. A reading above 50 suggests that the business activity expanded during the survey period and vice versa. PMIs are considered to be leading indicators and could signal a shift in the economic cycle. Stronger-than-expected prints usually have a positive impact on the USD. In addition to the headline PMI, the Employment Index and the Prices Paid Index numbers are watched closely as they shine a light on the labour market and inflation.

Most recent - Monday 1 April 2024 14:00

Previous
47.8
Revised
-
Forecast
48.4
Actual
50.3

Higher numbers than forecast tend to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

Next event - Wednesday 1 May 2024 14:00

Previous
50.3
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for ISM Manufacturing PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ISM Manufacturing PMI was 50.3 against a forecast of 48.4.

Past events

Date
Forecast
Actual
Monday 1 April 2024 14:00
48.4
50.3
Friday 1 March 2024 15:00
49.5
47.8
Thursday 1 February 2024 15:00
47
49.1
Wednesday 3 January 2024 15:00
47.1
47.4
Friday 1 December 2023 15:00
47.6
46.7
Wednesday 1 November 2023 14:00
49
46.7
Monday 2 October 2023 14:00
47.7
49
Friday 1 September 2023 14:00
47
47.6
Tuesday 1 August 2023 14:00
46.8
46.4
Monday 3 July 2023 14:00
47.2
46
Thursday 1 June 2023 14:00
47
46.9
Monday 1 May 2023 14:00
46.6
47.1
Monday 3 April 2023 14:00
47.5
46.3
Wednesday 1 March 2023 15:00
48
47.7
Wednesday 1 February 2023 15:00
48
47.4
Wednesday 4 January 2023 15:00
48.5
48.4
Thursday 1 December 2022 15:00
49.8
49
Tuesday 1 November 2022 14:00
50
50.2
Monday 3 October 2022 14:00
52.2
50.9
Thursday 1 September 2022 14:00
52
52.8
Monday 1 August 2022 14:00
52
52.8
Friday 1 July 2022 14:00
54.9
53
Wednesday 1 June 2022 14:00
54.5
56.1
Monday 2 May 2022 14:00
57.6
55.4
Friday 1 April 2022 14:00
59
57.1
Tuesday 1 March 2022 15:00
58
58.6
Tuesday 1 February 2022 15:00
57.5
57.6
Tuesday 4 January 2022 15:00
60
58.7
Wednesday 1 December 2021 15:00
61
61.1
Monday 1 November 2021 14:00
60.6
60.8
Friday 1 October 2021 14:00
59.6
61.1
Wednesday 1 September 2021 14:00
58.6
59.9
Monday 2 August 2021 14:00
60.9
59.5
Thursday 1 July 2021 14:00
61
60.6
Tuesday 1 June 2021 14:00
60.7
61.2
Monday 3 May 2021 14:00
65
60.7

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next ISM Manufacturing PMI result:

PreviousLatest
Existing Home Sales Change (MoM)Bearish change9.5%-4.3%
Initial Jobless Claims(no change)212K212K
Philadelphia Fed Manufacturing SurveyBullish change3.215.5
Industrial Production (MoM)(no change)0.4%0.4%
Building Permits (MoM)Bearish change1.523M1.458M
Housing Starts (MoM)Bearish change1.549M1.321M
NY Empire State Manufacturing IndexBullish change-20.9-14.3
Retail Sales (MoM)Bearish change0.9%0.7%
Retail Sales Control GroupBullish change0.3%1.1%
Retail Sales ex Autos (MoM)Bullish change0.6%1.1%
Michigan Consumer Sentiment IndexBearish change79.477.9
UoM 5-year Consumer Inflation ExpectationBullish change2.8%3%
Initial Jobless ClaimsBullish change222K211K
Producer Price Index (MoM)Bearish change0.6%0.2%
Producer Price Index (YoY)Bullish change1.6%2.1%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change2.1%2.4%
Monthly Budget StatementBullish change$-296B$-236B
Consumer Price Index (MoM)(no change)0.4%0.4%
Consumer Price Index (YoY)Bullish change3.2%3.5%
Consumer Price Index ex Food & Energy (MoM)(no change)0.4%0.4%
Consumer Price Index ex Food & Energy (YoY)(no change)3.8%3.8%

About ISM Manufacturing PMI

Country:United States
Currency:USD
Source:Institute for Supply Management
Category:Economic Activity
Frequency:Monthly

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