Investing.com | Feb 19, 2021
The Manufacturing Purchasing Managers' Index (PMI) is a diffusion index incorporating survey results provided by manufacturing firms throughout the country. A reading above fifty suggests the manufacturing sector is expanding, while a reading below fifty suggests the manufacturing sector is in contraction. Policymakers and traders watch these surveys closely as purchasing managers usually have early access to data about their company’s performance, rather than waiting for the hard data to emerge. While manufacturing accounts for a far smaller percentage of economic output than services, it is far more cyclical and is therefore a useful indicator of where in the economic cycle the economy is currently situated. 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.
|Mar 01, 2021 (Feb)||58.5|
|Feb 19, 2021 (Feb)||58.5||58.5||59.2|
|Feb 01, 2021 (Jan)||59.2||59.1|
|Jan 22, 2021 (Jan)||59.1||56.5||57.1|
|Jan 04, 2021 (Dec)||57.1||56.5|
|Dec 16, 2020 (Dec)||56.5||55.7||56.7|
Investing.com | Feb 19, 2021
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