ISM Manufacturing PMI

The Institute for Supply Management’s (ISM) Manufacturing Purchasing Managers Index (PMI) provides a reliable outlook on the state of the US manufacturing sector. A reading above 50 suggests that the business activity expanded during the survey period and vice versa. PMIs are considered to be leading indicators and could signal a shift in the economic cycle. Stronger-than-expected prints usually have a positive impact on the USD. In addition to the headline PMI, the Employment Index and the Prices Paid Index numbers are watched closely as they shine a light on the labour market and inflation.

Most recent - Tuesday 3 September 2024 14:00

Previous
46.8
Revised
-
Forecast
47.5
Actual
47.2

Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.

Next event - Tuesday 1 October 2024 14:00

Previous
-
Forecast
-
Actual
-

The typical/expected impact on USD pairs is high.

There is no forecast value for ISM Manufacturing PMI yet - check back for updates.

Trading range

Forecast history

The most recent announced value for ISM Manufacturing PMI was 47.2 against a forecast of 47.5.

Past events

Date
Forecast
Actual
Tuesday 3 September 2024 14:00
47.5
47.2
Thursday 1 August 2024 14:00
48.8
46.8
Monday 1 July 2024 14:00
49.1
48.5
Monday 3 June 2024 14:00
49.6
48.7
Wednesday 1 May 2024 14:00
50
49.2
Monday 1 April 2024 14:00
48.4
50.3
Friday 1 March 2024 15:00
49.5
47.8
Thursday 1 February 2024 15:00
47
49.1
Wednesday 3 January 2024 15:00
47.1
47.4
Friday 1 December 2023 15:00
47.6
46.7
Wednesday 1 November 2023 14:00
49
46.7
Monday 2 October 2023 14:00
47.7
49
Friday 1 September 2023 14:00
47
47.6
Tuesday 1 August 2023 14:00
46.8
46.4
Monday 3 July 2023 14:00
47.2
46
Thursday 1 June 2023 14:00
47
46.9
Monday 1 May 2023 14:00
46.6
47.1
Monday 3 April 2023 14:00
47.5
46.3
Wednesday 1 March 2023 15:00
48
47.7
Wednesday 1 February 2023 15:00
48
47.4
Wednesday 4 January 2023 15:00
48.5
48.4
Thursday 1 December 2022 15:00
49.8
49
Tuesday 1 November 2022 14:00
50
50.2
Monday 3 October 2022 14:00
52.2
50.9
Thursday 1 September 2022 14:00
52
52.8
Monday 1 August 2022 14:00
52
52.8
Friday 1 July 2022 14:00
54.9
53
Wednesday 1 June 2022 14:00
54.5
56.1
Monday 2 May 2022 14:00
57.6
55.4
Friday 1 April 2022 14:00
59
57.1
Tuesday 1 March 2022 15:00
58
58.6
Tuesday 1 February 2022 15:00
57.5
57.6
Tuesday 4 January 2022 15:00
60
58.7
Wednesday 1 December 2021 15:00
61
61.1
Monday 1 November 2021 14:00
60.6
60.8
Friday 1 October 2021 14:00
59.6
61.1

Economic context

Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next ISM Manufacturing PMI result:

PreviousLatest
Average Hourly Earnings (MoM)Bullish change0.2%0.4%
Average Hourly Earnings (YoY)Bullish change3.6%3.8%
Labor Force Participation Rate(no change)62.7%62.7%
Nonfarm PayrollsBullish change89K142K
U6 Underemployment RateBearish change7.8%7.9%
Unemployment RateBullish change4.3%4.2%
ISM Services Employment IndexBearish change51.150.2
ISM Services New Orders IndexBullish change52.453
ISM Services PMIBullish change51.451.5
ISM Services Prices PaidBullish change5757.3
S&P Global Composite PMIBullish change54.154.6
Initial Jobless ClaimsBullish change232K227K
Nonfarm ProductivityBullish change2.3%2.5%
Unit Labor CostsBearish change0.9%0.4%
ADP Employment ChangeBearish change111K99K
Challenger Job CutsBullish change25.885K75.891K
Factory Orders (MoM)Bullish change-3.3%5%
JOLTS Job OpeningsBearish change7.91M7.673M
ISM Manufacturing Employment IndexBullish change43.446
ISM Manufacturing New Orders IndexBearish change47.444.6
ISM Manufacturing Prices PaidBullish change52.954
Michigan Consumer Sentiment IndexBullish change67.867.9
UoM 5-year Consumer Inflation Expectation(no change)3%3%
Chicago Purchasing Managers' IndexBullish change45.346.1
Core Personal Consumption Expenditures - Price Index (MoM)(no change)0.2%0.2%
Core Personal Consumption Expenditures - Price Index (YoY)(no change)2.6%2.6%
Personal Consumption Expenditures - Price Index (MoM)Bullish change0.1%0.2%
Personal Consumption Expenditures - Price Index (YoY)(no change)2.5%2.5%
Personal Income (MoM)Bullish change0.2%0.3%
Personal SpendingBullish change0.3%0.5%
Pending Home Sales (MoM)Bearish change4.8%-5.5%
Core Personal Consumption Expenditures (QoQ)Bearish change2.9%2.8%
Gross Domestic Product AnnualizedBullish change2.8%3%
Gross Domestic Product Price IndexBullish change2.3%2.5%
Initial Jobless ClaimsBullish change233K231K
Personal Consumption Expenditures Prices (QoQ)Bearish change2.6%2.5%
Housing Price Index (MoM)Bearish change0%-0.1%
Durable Goods OrdersBullish change-6.9%9.9%
Durable Goods Orders ex DefenseBullish change-7.5%10.4%
Durable Goods Orders ex TransportationBearish change0.1%-0.2%
Nondefense Capital Goods Orders ex AircraftBearish change0.5%-0.1%

About ISM Manufacturing PMI

Country:United States
Currency:USD
Source:Institute for Supply Management
Category:Economic Activity
Frequency:Monthly

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