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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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Latest Release
Apr 21, 2017
Actual
52.8
Forecast
53.5
Previous
53.3
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
May 01, 2017 (Apr) 14:45     52.8
Apr 21, 2017 (Apr) 14:45   52.8 53.5 53.3
Apr 03, 2017 (Mar) 14:45 53.3 53.5 53.4
Mar 24, 2017 (Mar) 14:45   53.4 54.8 54.2
Mar 01, 2017 (Feb) 15:45 54.2 54.4 54.3
Feb 21, 2017 (Feb) 15:45   54.3 55.3 55.0

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Manufacturing PMI Discussion

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