The ISM Manufacturing PMI (Purchasing Managers' Index) is a key economic indicator in the USA that measures the health of the manufacturing sector by surveying purchasing managers on production, new orders, supplier deliveries, and employment. A PMI above 50 indicates expansion, while below 50 suggests contraction. It is significant because it provides insight into manufacturing activity, which is a substantial component of the economy, and can influence financial markets by affecting investor sentiment and expectations about economic growth and monetary policy.
The ISM Manufacturing PMI (Purchasing Managers' Index) is a key economic indicator in the USA that measures the health of the manufacturing sector by surveying purchasing managers on production, new orders, supplier deliveries, and employment. A PMI above 50 indicates expansion, while below 50 su...