Manufacturing PMI USA
ISM Manufacturing PMI (US)
Great Shape for the Manufacturing Sector in the US
Starts Wednesday, October 17, 2018 at 20:21
Updated Monday, October 1, 2018
Manufacturing production has been increasing in the US as the ISM manufacturing PMI report tells us. Last week we saw another really positive number. The final manufacturing PMI report remained unchanged so it is likely that today's manufacturing PMI report comes in little changed from last month. The USD is on a bullish run and a positive manufacturing report would give the buyers another reason to keep buying it.
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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.