ISM United States Manufacturing PMI Released

ISM United States Manufacturing PMI Released

Predicting economic indicators is inherently probabilistic. The ISM Manufacturing PMI, reflecting conditions in the US manufacturing sector, is no exception. This index, derived from a survey of over 400 companies categorized by the NAICS system, offers a potential glimpse into manufacturing health. Unlike some other indices, it may include both private and public entities.

The survey considers various factors, including employment, production, inventories, new orders, and supplier deliveries. These elements combine to form the PMI reading. A reading above 50 may suggest expansion within the manufacturing sector, which could have a positive correlation with the US dollar. Conversely, readings below 50 might indicate contraction.

The previous reading was 48.4. A forecast suggests a potential further decrease to 48.1. However, it's important to understand that forecasts are not guarantees. Therefore, any interpretation of this data should be approached with caution, acknowledging the inherent uncertainty of economic forecasting.