Manufacturing PMI USA
ISM Manufacturing PMI (US)
US ISM Manufacturing Declining Trend Breaks
Starts Thursday, January 3, 2019 at 15:00
Updated Thursday, January 3, 2019
Manufacturing production has been increasing in the US this year as the ISM manufacturing PMI report tells us. In September, we saw another really positive number. The final manufacturing PMI jumped higher in August as September's report showed, but October's report showed that this indicator had a slight cool-off in September, coming at 59.8 points down from 61.3 points in August. In October, it declined further to 57.7 points but in November, it bounced back again to 59.3 points. Please follow us for live coverage of this event 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.