Breaking News

U.S. Manufacturing Purchasing Managers Index (PMI)

Latest Release

Dec 16, 2024

Actual

48.3

Forecast

49.4

49.7

The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by manufacturing firms throughout the country. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated. A reading that is stronger than forecast is generally supportive (bullish) for the USD while a weaker than forecast reading is generally negative (bearish) for the USD.

Importance:

Country:

Currency: USD

Source: Markit

Release Date	Time	Actual	Forecast	Previous
Dec 16, 2024 (Dec)	15:45	48.3	49.4	49.7
Dec 02, 2024 (Nov)	15:45	49.7	48.8	48.5
Nov 22, 2024 (Nov)	15:45	48.8	48.8	48.5
Nov 01, 2024 (Oct)	14:45	48.5	47.8	47.8
Oct 24, 2024 (Oct)	14:45	47.8	47.5	47.3
Oct 01, 2024 (Sep)	14:45	47.3	47.0	47.9

News

Stock market today: Dow rides rotation into cyclicals to close at record high By Investing.com - Nov 22, 2024

Investing.com-- The Dow closed a fresh record high Friday, as the rotation into cyclical stocks including industrials continued to propel stocks higher amid weakness in tech. At 4.00 p.m. ET (2100...

Top 5 things to watch in markets in the week ahead By Investing.com - Nov 17, 2024

Investing.com -- AI darling Nvidia is reporting quarterly results, the crypto rally rolls on, the UK is to release inflation data and oil prices look set to remain on the back foot. Here's your look...

Stock Market Today: S&P500 wraps up third weekly win despite slip on Nvidia wobble By Investing.com - Jun 21, 2024

Investing.com -- The S&P 500 wrapped up its third-weekly win Friday despite closing closer after Nvidia took a breather from its recent melt-up. By 16:00 ET (20:00 GMT), the Dow Jones Industrial...

Analysis

Manufacturing Weakness Could Signal Trouble for the Economy By Frank Holmes - Sep 09, 2024

The U.S. economy could be heading into choppy waters, and investors may be wise to buckle up. Recent data suggest that storm clouds could be gathering, with declines in U.S. manufacturing, a...

Gold: Reasons to be Bullish as Economic Indicators Flash Mixed Signals By Frank Holmes - Aug 05, 2024

As I write this, the yield on the 10-year Treasury has fallen below 3.8% as global markets tumble on growing recession fears. Investors rushed into the perceived safety of government debt after...

Nasdaq Eyes Record Highs - Key Trading Levels to Watch Before Taking a Position By Fawad Razaqzada - May 23, 2024

Nvidia's blowout earnings have lifted European shares and US futures. Nvidia and QQQ are poised to open at record highs despite hawkish Fed minutes. In this piece, we will look at some key levels to...

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