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United States / Economy

United States Manufacturing PMI

The Purchasing Managers' Index (PMI) for United States surveys private-sector firms on business conditions including new orders, output, employment, and prices. A reading above 50 indicates expansion; below 50 signals contraction.

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Why Manufacturing PMI matters for USD

PMIs are one of the earliest monthly data points available, often released before official activity statistics. Markets treat them as leading indicators and any sharp divergence from the 50 threshold can drive immediate usd moves.

How to interpret this series

A PMI significantly above 50 signals economic expansion and supports the usd. A move below 50 can shift rate expectations toward easing and weigh on the usd. The key sub-components—new orders and employment—provide forward-looking signals.

Historical Manufacturing PMI

Source: ISM. Cadence: Monthly. Unit: Index. History from 1999-11-30 (26.6 years).

Historical chart data is temporarily unavailable.

Recent announcements

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Common questions

Editorial context for readers and AI agents using this page as a cited country indicator source.

What does a PMI reading of 50 mean?

A PMI of 50 is the neutral level: readings above 50 indicate that the sector surveyed is growing, while readings below 50 indicate contraction.