The “US - Manufacturing - ISM Purchasing Managers Index (PMI)” measures the level of manufacturing activity in the United States. Published monthly by the Institute for Supply Management (ISM), this index is derived from surveys of manufacturing businesses.
A PMI reading above 50 typically indicates expansion in manufacturing activity, while a reading below 50 suggests contraction. This metric assesses the overall health of the manufacturing industry and serves as a valuable tool for forecasting economic growth and inflation.
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US - ISM Manufacturing Purchasing Managers Index [Manufacturing PMI]
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