Track US ISM Manufacturing PMI to gauge economic health. Above 50 signals expansion, below shows contraction.
This serves as a key indicator of economic wellbeing, as businesses tend to respond swiftly to market changes. Purchasing managers possess some of the most up-to-date and relevant insights regarding their company's economic outlook. A reading above 50.0 signifies industry growth, while a reading below indicates contraction.
What it Measures
It gauges the level of a diffusion index derived from surveys of purchasing managers within the manufacturing sector.
Usual Effect
When 'Actual' figures exceed 'Forecast', it generally has a positive impact on the currency.
Source & Frequency
Institute for Supply Management (latest release) - https://www.ismworld.org/ • The report is published monthly, on the first business day following the conclusion of the month.
How Data is Derived
Survey of about 300 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories
Also Known As
Manufacturing ISM Report On Business
Acronym
The Institute for Supply Management (ISM), Purchasing Managers' Index (PMI)