USD: ISM Manufacturing PMI at 7:30 PM
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry.
Released monthly, on the first business day after the month ends.
Next Release Date Aug 1, 2022
above 50.0 indicates industry expansion, and below indicates contraction.
It’s a leading indicator of economic health – businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company’s view of the economy.
Forecast- [54.6]
Previous- [56.1]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure is to release at 7:30 PM.
Source: Forex Factory
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7 thoughts on “Economic Indicator; ISM Manufacturing PMI is in focus”
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