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S&P Global Manufacturing PMI

The Manufacturing Purchasing Managers Index (PMI) released by the Markit Economics captures business conditions in the manufacturing sector. As the manufacturing sector dominates a large part of total GDP, the manufacturing PMI is an important indicator of business conditions and the overall economic condition in the United States. Readings above 50 imply the economy is expanding, making investors understood it as a bullish for the USD, whereas a result below 50 points for an economic contraction, and weighs negatively on the currency.

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Most recent - Tuesday, 1 April 13:45

49.8

Forecast

49.8

Actual

50.2

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

+/- 1 hour

Price

Real-money Sentiment

Next event - Wednesday, 23 April 13:45

Forecast

Actual

The typical/expected impact on USD pairs is high.

There is no forecast value for S&P Global Manufacturing PMI yet - check back for updates.

Trading range

The trading range of EURUSD was 34 pips following the most recent S&P Global Manufacturing PMI.

Trading range after each S&P Global Manufacturing PMI event

Forecast history

The most recent announced value for S&P Global Manufacturing PMI was 50.2 against a forecast of 49.8.

Past events

Date

Forecast

Actual

1 April 2025 13:45

49.8

50.2

24 March 2025 13:45

51.9

49.8

3 March 2025 14:45

51.6

52.7

21 February 2025 14:45

51.5

51.6

3 February 2025 14:45

50.1

51.2

24 January 2025 14:45

49.6

50.1

2 January 2025 14:45

48.3

49.4

16 December 2024 14:45

49.4

48.3

2 December 2024 14:45

48.8

49.7

22 November 2024 14:45

48.8

1 November 2024 13:45

47.8

48.5

24 October 2024 13:45

47.5

47.8

1 October 2024 13:45

47.3

23 September 2024 13:45

48.5

3 September 2024 13:45

47.9

22 August 2024 13:45

49.6

1 August 2024 13:45

49.5

49.6

24 July 2024 13:45

51.7

49.5

1 July 2024 13:45

51.7

51.6

21 June 2024 13:45

51.7

3 June 2024 13:45

50.9

51.3

23 May 2024 13:45

50.9

1 May 2024 13:45

49.9

23 April 2024 13:45

49.9

1 April 2024 13:45

51.9

21 March 2024 13:45

51.7

52.5

1 March 2024 14:45

51.5

52.2

22 February 2024 14:45

50.5

51.5

1 February 2024 14:45

50.7

24 January 2024 14:45

47.9

50.3

2 January 2024 14:45

48.2

47.9

15 December 2023 14:45

49.3

48.2

1 December 2023 14:45

49.4

24 November 2023 14:45

49.8

49.4

1 November 2023 13:45

24 October 2023 13:45

49.5

2 October 2023 13:45

48.9

49.8

22 September 2023 13:45

48.9

1 September 2023 13:45

47.9

23 August 2023 13:45

49.3

1 August 2023 13:45

24 July 2023 13:45

46.4

3 July 2023 13:45

46.3

23 June 2023 13:45

48.5

46.3

1 June 2023 13:45

48.4

23 May 2023 13:45

48.5

1 May 2023 13:45

50.4

50.2

21 April 2023 13:45

50.4

3 April 2023 13:45

49.3

49.2

24 March 2023 13:45

49.3

1 March 2023 14:45

47.8

47.3

21 February 2023 14:45

47.3

47.8

1 February 2023 14:45

46.8

46.9

24 January 2023 14:45

46.1

46.8

3 January 2023 14:45

46.2

16 December 2022 14:45

47.7

46.2

1 December 2022 14:45

47.6

47.7

23 November 2022 14:45

47.6

1 November 2022 13:45

49.9

50.4

24 October 2022 13:45

51.2

49.9

3 October 2022 13:45

51.8

23 September 2022 13:45

51.1

51.8

1 September 2022 13:45

51.3

51.5

23 August 2022 13:45

51.3

1 August 2022 13:45

52.3

52.2

22 July 2022 13:45

52.3

1 July 2022 13:45

52.4

52.7

23 June 2022 13:45

52.4

1 June 2022 13:45

24 May 2022 13:45

57.5

2 May 2022 13:45

59.7

59.2

22 April 2022 13:45

58.2

59.7

Economic context

Recent economic data has been broadly neutral for USD. Other recent announcements which may affect the market's interpretation of the next S&P Global Manufacturing PMI result:

		Previous	Latest
Average Hourly Earnings (MoM)	Bullish change	0.2%	0.3%
Average Hourly Earnings (YoY)	Bearish change	4%	3.8%
Labor Force Participation Rate	Bullish change	62.4%	62.5%
Nonfarm Payrolls	Bullish change	117K	228K
U6 Underemployment Rate	Bullish change	8%	7.9%
Unemployment Rate	Bearish change	4.1%	4.2%
ISM Services Employment Index	Bearish change	53.9	46.2
ISM Services New Orders Index	Bearish change	52.2	50.4
ISM Services PMI	Bearish change	53.5	50.8
ISM Services Prices Paid	Bearish change	62.6	60.9
S&P Global Composite PMI	(no change)	53.5	53.5
Initial Jobless Claims	Bullish change	225K	219K
Challenger Job Cuts	Bullish change	172.017K	275.24K
Factory Orders (MoM)	Bearish change	1.8%	0.6%
ADP Employment Change	Bullish change	84K	155K
ISM Manufacturing Employment Index	Bearish change	47.6	44.7
ISM Manufacturing New Orders Index	Bearish change	48.6	45.2
ISM Manufacturing PMI	Bearish change	50.3	49
ISM Manufacturing Prices Paid	Bullish change	62.4	69.4
JOLTS Job Openings	Bearish change	7.762M	7.568M
Chicago Purchasing Managers' Index	Bullish change	45.5	47.6
Michigan Consumer Sentiment Index	Bearish change	57.9	57
UoM 5-year Consumer Inflation Expectation	Bullish change	3.9%	4.1%
Core Personal Consumption Expenditures - Price Index (MoM)	Bullish change	0.3%	0.4%
Core Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.7%	2.8%
Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.3%	0.3%
Personal Consumption Expenditures - Price Index (YoY)	(no change)	2.5%	2.5%
Personal Income (MoM)	Bullish change	0.7%	0.8%
Personal Spending	Bullish change	-0.3%	0.4%
Pending Home Sales (MoM)	Bullish change	-4.6%	2%
Core Personal Consumption Expenditures (QoQ)	Bearish change	2.7%	2.6%
Gross Domestic Product Annualized	Bullish change	2.3%	2.4%
Gross Domestic Product Price Index	Bearish change	2.4%	2.3%
Initial Jobless Claims	Bullish change	225K	224K
Personal Consumption Expenditures Prices (QoQ)	(no change)	2.4%	2.4%
Durable Goods Orders	Bearish change	3.3%	0.9%
Durable Goods Orders ex Defense	Bearish change	3.7%	0.8%
Durable Goods Orders ex Transportation	Bullish change	0.1%	0.7%
Nondefense Capital Goods Orders ex Aircraft	Bearish change	0.9%	-0.3%
New Home Sales Change (MoM)	Bullish change	-6.9%	1.8%
Housing Price Index (MoM)	Bearish change	0.5%	0.2%
S&P Global Composite PMI	Bullish change	51.6	53.5
S&P Global Services PMI	Bullish change	51	54.3

About S&P Global Manufacturing PMI

Country:	United States
Currency:	USD
Source:	IHS Markit
Category:	Economic Activity
Frequency:	Monthly

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	Australia		Gross Domestic Product (QoQ)
	Canada		Gross Domestic Product Annualized
	Switzerland		Gross Domestic Product s.a. (QoQ)
	China		Non-Manufacturing PMI
	China		Gross Domestic Product (YoY)
	China		Gross Domestic Product (QoQ)
	China		Industrial Production (YoY)
	China		Caixin Services PMI
	China		NBS Manufacturing PMI
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	Germany		S&P Global/BME Manufacturing PMI
	Germany		S&P Global/BME Composite PMI
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	Eurozone		Gross Domestic Product s.a. (YoY)
	Eurozone		Gross Domestic Product s.a. (QoQ)
	Eurozone		S&P Global Composite PMI
	Eurozone		S&P Global Manufacturing PMI
	Eurozone		S&P Global Services PMI
	Japan		Gross Domestic Product (QoQ)
	Japan		Tankan Large Manufacturing Index
	New Zealand		Gross Domestic Product (YoY)
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	United Kingdom		S&P Global/CIPS Services PMI
	United Kingdom		S&P Global/CIPS Composite PMI
	United Kingdom		Gross Domestic Product (YoY)
	United Kingdom		Gross Domestic Product (QoQ)
	United Kingdom		S&P Global/CIPS Manufacturing PMI
	United States		ISM Manufacturing PMI
	United States		S&P Global Services PMI
	United States		Gross Domestic Product Annualized
	United States		ISM Services PMI
	Australia		Private Capital Expenditure
	Australia		S&P Global Manufacturing PMI
	Australia		National Australia Bank's Business Confidence (QoQ)
	Australia		S&P Global Services PMI
	Australia		S&P Global Composite PMI
	Australia		AiG Industry Index
	Australia		Gross Domestic Product (YoY)
	Canada		Bank of Canada Business Outlook Survey
	Canada		Gross Domestic Product (MoM)
	Canada		Ivey Purchasing Managers Index
	Canada		Ivey Purchasing Managers Index s.a
	Canada		Gross Domestic Product (QoQ)
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	Switzerland		Industrial Production (YoY)
	Switzerland		Gross Domestic Product (YoY)
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	Germany		ZEW Survey – Economic Sentiment
	Germany		IFO – Current Assessment
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	Germany		Gross Domestic Product (QoQ)
	Germany		IFO – Expectations
	Germany		ZEW Survey – Current Situation
	Germany		IFO – Business Climate
	Germany		Industrial Production n.s.a. w.d.a. (YoY)
	Germany		Gross Domestic Product w.d.a (YoY)
	Germany		Gross Domestic Product (YoY)
	Germany		Factory Orders s.a. (MoM)
	Germany		Industrial Production s.a. (MoM)
	Eurozone		Sentix Investor Confidence
	Eurozone		ZEW Survey – Economic Sentiment
	Eurozone		Economic Sentiment Indicator
	Eurozone		Industrial Production s.a. (MoM)
	Eurozone		Business Climate
	Eurozone
	Spain		S&P Global Services PMI
	Spain		Gross Domestic Product - Estimated (QoQ)
	Spain		S&P Global Manufacturing PMI
	Spain		Gross Domestic Product (QoQ)
	France		S&P Global Manufacturing PMI
	France		S&P Global Composite PMI
	France		S&P Global Services PMI
	India		HSBC Services PMI
	India		Gross Domestic Product Quarterly (YoY)
	India		HSBC Manufacturing PMI
	India		HSBC Composite PMI
	Italy		Gross Domestic Product (YoY)
	Italy		S&P Global Manufacturing PMI
	Italy		Gross Domestic Product (QoQ)
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	Japan		Gross Domestic Product Annualized
	Japan		Gross Domestic Product Deflator (YoY)
	South Korea		Gross Domestic Product Growth (QoQ)
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