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Thursday, May 30, 2024

ISM Manufacturing PMI (Mar)


Apr 01 2024


4:00 pm - 4:00 pm

The Manufacturing ISM Report On Business’s survey results indicates any change in the current month compared to the previous month, based on data obtained from purchasing and supply executives countrywide. The report includes the percentage of respondents who responded in a positive or negative economic direction, as well as all five indicators, were evaluated based on the characteristics: New Orders (30%), Production (25%), Workforce (20%), Provider Delivery Times (15%), and Inventory of Items Purchased (10%), and Stock of Items Purchased (10%), with the Delivery Times index reversed so that it moves in the same direction as the other four indexes. A PMI score of greater than 50% implies that the manufacturing economy is increasing in general; a value of less than 50% suggests that the manufacturing economy is contracting in general.

A higher than expected figure should be seen as positive (bullish) for the USD while a lower than expected figure should be seen as negative (bearish) for the USD.

The event is finished.

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