Understanding ISM Manufacturing PMI & Its Market Impact
Автор: Kenneth Chua
Загружено: 2024-07-01
Просмотров: 67
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What to expect from today's (1 July 2024) United States ISM Manufacturing PMI (Jun) data and its impact on the stock market?
The US ISM Manufacturing PMI, a key economic indicator, currently stands at 48.70 (May), down from 49.20 last month and up from 46.90 a year ago. Today's forecast for June data is at 49.2. This index provides a snapshot of economic activity, with readings above 50 indicating expansion and below 50 signaling contraction.
The PMI, surveyed monthly, covers crucial areas like new orders, production, and employment, offering an early look at economic conditions. Investors closely monitor these numbers, as strong figures can boost market confidence, while weak ones may lead to volatility and signal economic challenges ahead.
Not just for investors, PMI data is also instrumental for businesses, helping them plan production, manage inventories, and gauge demand trends. In essence, the ISM Manufacturing PMI plays a vital role in assessing the health of the manufacturing sector and the broader economy.
Source: https://m.investing.com/economic-calendar/...
#ISMManufacturingPMI #StockMarket #Trading #Investing
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