Lower numbers than forecast tend to be bullish for xxx/USD pairs and bearish for USD/xxx pairs.
The typical/expected impact on USD pairs is high.
The consensus forecast for ISM Manufacturing PMI is 48.3. A higher value than forecast tends to be bullish for USD/xxx pairs and bearish for xxx/USD pairs.
The most recent announced value for ISM Manufacturing PMI was 48.2 against a forecast of 48.6.
Recent economic data has been moderately bullish for USD. Other recent announcements which may affect the market's interpretation of the next ISM Manufacturing PMI result:
| Previous | Latest | ||||
|---|---|---|---|---|---|
| Initial Jobless Claims | Bullish change | 215K | 199K | ||
| Chicago PMI | Bullish change | 36.3 | 43.5 | ||
| Housing Price Index (MoM) | Bullish change | -0.1% | 0.4% | ||
| Pending Home Sales (MoM) | Bullish change | 2.4% | 3.3% | ||
| Initial Jobless Claims | Bullish change | 224K | 214K | ||
| Industrial Production (MoM) | Bullish change | -0.1% | 0.2% | ||
| Industrial Production (MoM) | Bearish change | 0.1% | -0.1% | ||
| Core Personal Consumption Expenditures (QoQ) | Bullish change | 2.6% | 2.9% | ||
| Durable Goods Orders | Bearish change | 0.7% | -2.2% | ||
| Durable Goods Orders ex Defense | Bearish change | 0.1% | -1.5% | ||
| Durable Goods Orders ex Transportation | Bearish change | 0.7% | 0.2% | ||
| Gross Domestic Product Annualized | Bullish change | 3.8% | 4.3% | ||
| Gross Domestic Product Price Index | Bullish change | 2.1% | 3.7% | ||
| Nondefense Capital Goods Orders ex Aircraft | Bearish change | 1.1% | 0.5% | ||
| Personal Consumption Expenditures Prices (QoQ) | Bullish change | 2.1% | 2.8% | ||
| ADP Employment Change 4-week average | Bearish change | 16.25K | 11.5K |
| Country: | United States |
|---|---|
| Currency: | USD |
| Source: | Institute for Supply Management |
| Category: | Economic Activity |
| Frequency: | Monthly |