ISM Manufacturing PMI is a measure of purchasing managers’ sentiment, based on order books and their ability to assess current and future business conditions within the manufacturing sector. The employment component of the index also provides a good indicator of the level of private sector employment in the United States. The slight dip in activity last month is set to continue yet a reading above 50 is considered to indicate expansion in the sector.
Trading event
ISM Manufacturing PMI
Today 1400 GMT
Investor Notes:
- ISM Manufacturing PMI is expected to be flat when compared to growth in the previous month, yet expansionary, moving from 52.7 to 52.6.
- The rising dollar and uncertainty in global stock markets has impacted exports, leading to a rise in stockpiles.
