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 - Wednesday 1 May 2024 14:00

Previous
50.3
Revised
-
Forecast
50
Actual
49.2

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

Next event - Monday 3 June 2024 14:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for ISM Manufacturing PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ISM Manufacturing PMI was 49.2 against a forecast of 50.

Past events

Date
Forecast
Actual
Wednesday 1 May 2024 14:00
50
49.2
Monday 1 April 2024 14:00
48.4
50.3
Friday 1 March 2024 15:00
49.5
47.8
Thursday 1 February 2024 15:00
47
49.1
Wednesday 3 January 2024 15:00
47.1
47.4
Friday 1 December 2023 15:00
47.6
46.7
Wednesday 1 November 2023 14:00
49
46.7
Monday 2 October 2023 14:00
47.7
49
Friday 1 September 2023 14:00
47
47.6
Tuesday 1 August 2023 14:00
46.8
46.4
Monday 3 July 2023 14:00
47.2
46
Thursday 1 June 2023 14:00
47
46.9
Monday 1 May 2023 14:00
46.6
47.1
Monday 3 April 2023 14:00
47.5
46.3
Wednesday 1 March 2023 15:00
48
47.7
Wednesday 1 February 2023 15:00
48
47.4
Wednesday 4 January 2023 15:00
48.5
48.4
Thursday 1 December 2022 15:00
49.8
49
Tuesday 1 November 2022 14:00
50
50.2
Monday 3 October 2022 14:00
52.2
50.9
Thursday 1 September 2022 14:00
52
52.8
Monday 1 August 2022 14:00
52
52.8
Friday 1 July 2022 14:00
54.9
53
Wednesday 1 June 2022 14:00
54.5
56.1
Monday 2 May 2022 14:00
57.6
55.4
Friday 1 April 2022 14:00
59
57.1
Tuesday 1 March 2022 15:00
58
58.6
Tuesday 1 February 2022 15:00
57.5
57.6
Tuesday 4 January 2022 15:00
60
58.7
Wednesday 1 December 2021 15:00
61
61.1
Monday 1 November 2021 14:00
60.6
60.8
Friday 1 October 2021 14:00
59.6
61.1
Wednesday 1 September 2021 14:00
58.6
59.9
Monday 2 August 2021 14:00
60.9
59.5
Thursday 1 July 2021 14:00
61
60.6
Tuesday 1 June 2021 14:00
60.7
61.2

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next ISM Manufacturing PMI result:

PreviousLatest
Industrial Production (MoM)Bearish change0.1%0%
Building Permits (MoM)Bearish change1.467M1.44M
Housing Starts (MoM)Bullish change1.287M1.36M
Initial Jobless ClaimsBullish change232K222K
Philadelphia Fed Manufacturing SurveyBearish change15.54.5
Consumer Price Index (MoM)Bearish change0.4%0.3%
Consumer Price Index (YoY)Bearish change3.5%3.4%
Consumer Price Index ex Food & Energy (MoM)Bearish change0.4%0.3%
Consumer Price Index ex Food & Energy (YoY)Bearish change3.8%3.6%
NY Empire State Manufacturing IndexBearish change-14.3-15.6
Retail Sales (MoM)Bearish change0.6%0%
Retail Sales Control GroupBearish change1%-0.3%
Retail Sales ex Autos (MoM)Bearish change0.9%0.2%
Producer Price Index (MoM)Bullish change-0.1%0.5%
Producer Price Index (YoY)Bullish change1.8%2.2%
Producer Price Index ex Food & Energy (YoY)Bullish change2.1%2.4%
Producer Price Index ex Food & Energy (MoM)Bullish change-0.1%0.5%
Monthly Budget StatementBullish change$-236B$210B
Michigan Consumer Sentiment IndexBearish change77.267.4
UoM 5-year Consumer Inflation ExpectationBullish change3%3.1%
Initial Jobless ClaimsBearish change209K231K
ISM Services Employment IndexBearish change48.545.9
ISM Services New Orders IndexBearish change54.452.2
ISM Services PMIBearish change51.449.4
ISM Services Prices PaidBullish change53.459.2
S&P Global Composite PMIBullish change50.951.3
Average Hourly Earnings (MoM)Bearish change0.3%0.2%
Average Hourly Earnings (YoY)Bearish change4.1%3.9%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBearish change315K175K
U6 Underemployment RateBearish change7.3%7.4%
Unemployment RateBearish change3.8%3.9%

About ISM Manufacturing PMI

Country:United States
Currency:USD
Source:Institute for Supply Management
Category:Economic Activity
Frequency:Monthly

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