S&P Global Manufacturing PMI

Actual
51.8
Previous
51.5
Forecast
51.1

The Manufacturing Purchasing Managers Index (PMI) released by the S&P Global 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.

Share on,