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U.S. Manufacturing Purchasing Managers Index (PMI)

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U.S. Manufacturing Purchasing Managers Index (PMI)

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Delivery Method

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Status

 
Latest Release
Jun 01, 2018
Actual
56.4
Forecast
56.6
Previous
56.6
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
U.S. Manufacturing Purchasing Managers Index (PMI)
 
Release Date Time Actual Forecast Previous
Jul 02, 2018 (Jun) 19:15     56.6
Jun 22, 2018 (Jun) 19:15     56.5 56.4
Jun 01, 2018 (May) 19:15 56.4 56.6 56.6
May 23, 2018 (May) 19:15   56.6 56.6 56.5
May 01, 2018 (Apr) 19:15 56.5 56.5 56.5
Apr 23, 2018 (Apr) 19:15   56.5 55.2 55.6

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Manufacturing PMI Discussion

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