Breaking News

U.S. Manufacturing Purchasing Managers Index (PMI)

Latest Release

Nov 01, 2024

Actual

48.5

Forecast

47.8

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 02, 2024 (Nov)	15:45			47.8
Nov 22, 2024 (Nov)	15:45			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
Sep 23, 2024 (Sep)	14:45	47.0	48.6	47.9

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Analysis

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