United States USD

United States S&P Global Manufacturing PMI Final

Impact:
Medium
Source: S&P Global

Latest Release:

Date:
Big Surprise:
0.9
| USD
Actual:
49.7
Forecast: 48.8
Previous/Revision:
48.5
Period: Nov

Next Release:

Date:
Period: Apr
What Does It Measure?
The S&P Global Manufacturing PMI Final is an economic indicator that measures the health of the manufacturing sector in the United States. It focuses on key components such as production levels, new orders, employment, supplier deliveries, and inventory changes, with a PMI score above 50 indicating expansion and below 50 signifying contraction.
Frequency
This indicator is released monthly, typically on the first business day of the month, representing a final figure after preliminary estimates have been published.
Why Do Traders Care?
Traders pay close attention to the S&P Global Manufacturing PMI Final because it provides valuable insights into the manufacturing sector’s performance and overall economic health. Higher-than-expected PMI figures often bolster the US dollar and equities, while weaker readings can lead to bearish sentiment in both currency and stock markets.
What Is It Derived From?
The PMI is derived from a monthly survey of purchasing managers in the manufacturing sector, with a focus on their responses regarding output, new orders, and employment levels. The survey uses a diffusion index approach, where a significant proportion of responses above a neutral point of 50 suggests expansion, and those below indicate contraction.
Description
The S&P Global Manufacturing PMI Final synthesizes data from various manufacturing activities into a composite index. It represents the final assessment of manufacturing conditions based on the earlier preliminary reports, reflecting a more accurate and definitive reading of the sector's performance and trends.
Additional Notes
The PMI is considered a leading economic indicator, as it can provide insights into future industrial production, employment levels, and purchasing activity before these trends manifest in other economic data. It is often analyzed in conjunction with other reports, such as the ISM Manufacturing Index and employment data, to gauge broader economic strength.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks.

Legend

High Potential Impact
This event has a strong potential to move markets significantly. If the 'Actual' value differs enough from the forecast or if the 'Previous' value is significantly revised, it signals new information that markets may rapidly adjust to.

Medium Potential Impact
This event may cause moderate market movement, especially if the 'Actual' deviates from the forecast or there's a notable revision to the 'Previous' value.

Low Potential Impact
This event is unlikely to affect market pricing unless there's an unexpected surprise or a major revision to prior data.

Surprise - Currency May Strengthen
Actual deviated from Forecast on a medium or high impact event and historically could strengthen the currency.

Surprise - Currency May Weaken
Actual deviated from Forcast on a medium or high impact event and historically could weaken the currency.

Big Surprise - Currency More Likely To Strengthen
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely strengthen the currency.

Big Surprise - Currency More Likely To Weaken
'Actual' deviated from 'Forecast' more than 75% of historical deviations on a medium or high impact event and may likely weaken the currency

Green Number Better than forecast for the currency (or previous revise better)
Red Number Worse than forecast for the currency (or previous revise better)
Hawkish Supports higher interest rates to fight inflation, strengthening the currency but weighing on stocks.
Dovish Favors lower rates to boost growth, weakening the currency but lifting stocks.
Date Time Actual Forecast Previous Surprise
 
52.4  
 
51.2  
 
51.9  
 
51.8  
 
51.9  
 
52.2  
 
52  
 
53.3  
 
49.5  
 
52  
 
52.3  
 
50.7  
 
49.8  
 
51.6  
 
50.1  
 
48.3  
49.7
48.8
48.5
0.9
48.5
47.8
47.3
0.7
47.3
47
47.9
0.3
47.9
48
49.6
-0.1
49.6
49.5
51.6
0.1
51.6
51.7
51.3
-0.1
51.3
50.9
50
0.4
50
49.9
51.9
0.1
51.9
52.5
52.2
-0.6
52.2
51.5
50.7
0.7
50.7
47.2
47.9
3.5
47.9
48.2
49.4
-0.3
49.4
49.4
50
50
50
49.8
49.8
48.9
47.9
0.9
47.9
47
49
0.9
49
49
46.3
46.3
46.3
48.4
48.4
50.2
50.2
50.4
49.2
-0.2
49.2
49.3
47.3
-0.1
47.3
47.8
46.9
-0.5
46.9
46.8
46.2
0.1
46.2
46.2
47.7
47.7
47.6
50.4
0.1
50.4
49.9
52
0.5
52
51.8
51.5
0.2
51.5
51.3
52.2
0.2
52.2
52.3
52.7
-0.1
52.7
52.4
57
0.3
57
57.5
59.2
-0.5
59.2
59.7
58.8
-0.5
58.8
58.5
57.3
0.3