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United States ISM Manufacturing Employment

United States ISM Manufacturing Employment

Actual: 53.2
Forecast:  
Previous: 49.6
Importance:
Release Date: Nov 02, 2020
Currency: USD
Country: United States
Source Of Report: Institute for Supply Management

The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies.

The employment subcomponent is a diffusion index relating to corporate hiring plans. A reading above fifty suggests the on net, manufacturing companies are planning to add labour. While a reading below fifty suggests that more manufacturing companies are looking to reduce labour. The employment sub-index accounts for 20% of the overall ISM manufacturing Index.

A reading that is stronger than forecast is generally supportive (bullish) for the USD, while a weaker than forecast reading is generally negative (bearish) for the USD.

Release Date Actual Forecast Previous
Dec 01, 2020 (Nov) 53.2
Nov 02, 2020 (Oct) 53.2 49.6
Oct 01, 2020 (Sep) 49.6 45.8 46.4
Sep 01, 2020 (Aug) 46.4 45.8 44.3
Aug 03, 2020 (Jul) 44.3 48.3 42.1
Jul 01, 2020 (Jun) 42.1 43.0 32.1

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