United States USD

United States S&P Global Manufacturing PMI Flash

Impact:
High
Source: S&P Global

Latest Release:

Date:
Actual:
48.8
Forecast: 48.8
Previous/Revision:
48.5
Period: Nov

Next Release:

Date:
Forecast: 49.8
Period: Dec
What Does It Measure?
The S&P Global Manufacturing PMI Flash measures the economic health of the manufacturing sector in the United States, focusing on production levels, new orders, employment, supplier deliveries, and inventory levels. This index is derived from a survey conducted with purchasing managers and is a key indicator of the overall economic activity within the manufacturing industry.
Frequency
The S&P Global Manufacturing PMI Flash is released monthly, typically as a preliminary estimate on the first business day of the following month, providing timely insights into economic conditions.
Why Do Traders Care?
Traders closely monitor the S&P Global Manufacturing PMI Flash because it provides early signals of economic momentum; stronger-than-expected results can bolster the U.S. dollar and equity markets, while disappointing figures may lead to sell-offs in stocks and currency depreciation. Its timely release helps traders adjust their forecasts and positions according to emerging economic trends.
What Is It Derived From?
The index is calculated based on responses from a large sample of purchasing managers across various industries, utilizing a diffusion index methodology that weights the data to reflect different sectors' contributions to the economy. This approach ensures accurate representation by taking into account the size and economic importance of the respondents' firms.
Description
The S&P Global Manufacturing PMI Flash provides insight into the manufacturing sector's expansion or contraction based on survey responses regarding output, new orders, and employment changes. Generally, a reading above 50 indicates growth in the sector, while a reading below 50 signals a contraction, making it a critical tool for predicting broader economic trends.
Additional Notes
The PMI serves as a leading economic indicator, often predicting trends in GDP growth and overall economic health. It is relevant not only within the U.S. context but also as a comparative measure against manufacturing PMIs from other countries, aiding in the assessment of global manufacturing dynamics.
Bullish or Bearish for Currency and Stocks
Higher than expected: Bullish for USD, Bullish for Stocks. Lower than expected: Bearish for USD, Bearish for Stocks. Hawkish tone: Signaling higher interest rates or inflation concerns, is usually good for the USD but bad for Stocks due to higher borrowing costs.

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
Nov 22, 2024
48.8
 48.8
48.5
Oct 24, 2024
47.8
 47.5
47.3
 0.3
Sep 23, 2024
47
 48.5
47.9
 -1.5
Aug 22, 2024
48
 49.6
49.6
 -1.6
Jul 24, 2024
49.5
 51.7
51.6
-2.2
Jun 21, 2024
51.7
 51
51.3
 0.7
May 23, 2024
50.9
 50
50
 0.9
Apr 23, 2024
49.9
 52
51.9
 -2.1
Mar 21, 2024
52.5
 51.7
52.2
 0.8
Feb 22, 2024
51.5
 50.5
50.7
 1
Jan 24, 2024
50.3
 47.9
47.9
2.4
Dec 15, 2023
48.2
 49.3
49.4
 -1.1
Nov 24, 2023
49.4
 49.8
50
 -0.4
Oct 24, 2023
50
 49.5
49.8
 0.5
Sep 22, 2023
48.9
 48
47.9
 0.9
Aug 23, 2023
47
 49.3
49
-2.3
Jul 24, 2023
49
 46.2
46.3
2.8
Jun 23, 2023
46.3
 48.5
48.4
-2.2
May 23, 2023
48.5
 50
50.2
-1.5
Apr 21, 2023
50.4
 49
49.2
 1.4
Mar 24, 2023
49.3
 47
47.3
2.3
Feb 21, 2023
47.8
 47.1
46.9
 0.7
Jan 24, 2023
46.8
 46
46.2
 0.8
Dec 16, 2022
46.2
 47.7
47.7
-1.5
Nov 23, 2022
47.6
 50
50.4
-2.4
Oct 24, 2022
49.9
 51
52
 -1.1
Sep 23, 2022
51.8
 51.1
51.5
 0.7
Aug 23, 2022
51.3
 52
52.2
 -0.7
Jul 22, 2022
52.3
 52
52.7
 0.3
Jun 23, 2022
52.4
 56
57
-3.6
May 24, 2022
57.5
 57.5
59.2
Apr 22, 2022
59.7
 58.2
58.8
 1.5