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 3 February 2025 15:00

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

Next event - Monday 3 March 2025 15:00

The typical/expected impact on USD pairs is high.

The consensus forecast for ISM Manufacturing PMI is 50.8. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.

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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:

About ISM Manufacturing PMI

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