Manufacturing PMI USA
ISM Manufacturing PMI (US)
US Manufacturing Activity Cools Off Slightly
Starts Tuesday, December 18, 2018 at 17:04
Updated Monday, December 3, 2018
Manufacturing production has been increasing in the US as the ISM manufacturing PMI report tells us. In September, we saw another really positive number. The final manufacturing PMI jumped higher in September, but in October, this indicator showed a slight cool-off in the sector. In November, manufacturing cooled off again to 57.7 points but it still remains pretty upbeat. Please follow us for live coverage of this event and the impact it might have on the currency by experienced market analysts.
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About ISM Manufacturing PMI (US)
Developed by the Institute for Supply Management (ISM), the ISM Manufacturing PMI provides a look at the conditions facing the U.S. industrial sector. The metric is derived using a 0-100 scale. Basic interpretations include a value over 50 being viewed as positive toward the USD and under 50 negative.A top three global economic power, the United States relies greatly upon domestic manufacturing for economic output. With industrial production accounting for nearly 20% of aggregate GDP, the manufacture of goods is a big part of the U.S. economy. The ISM Manufacturing PMI offers an inside view of the ongoing progress of the manufacturing sector.