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Manufacturing PMI USA

ISM Manufacturing PMI (US)

ISM Manufacturing Report For 5 May 2018

Starts Saturday, August 18, 2018 at 04:50
Updated Wednesday, August 1, 2018
US manufacturing is an important sector of the American economy. Besides that, the insight knowledge of the managers in the manufacturing sector is a leading economic indicator of the health of the economy in the coming months, since current orders for manufacturers translate into bigger retail sales in the coming months. They also increase the GDP.The trend in ISM manufacturing PMI has been on the increase since summer last year. The growth of this economic indicator slowed in April and May but it picked up pace again in the last two months and currently it stand above the 60 level. This month, US IS manufacturing is expected to decline to 59.4 points but that still is a very decent level of expansion in this sector. It will be interesting to see if the tariff was will have had an impact on manufacturing in July.We will cover this event as well as other calendar event in real time. Make sure to check back in time for the coverage of the US manufacturing report by experienced 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.
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