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ISM Manufacturing PMI (US)
Event Date: Friday, February 2, 2024
Event Time: 15:00 CET
ISM Manufacturing Activity to Slow Again in January After the Improvement in December
Updated Sunday, January 28, 2024
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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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