Current US PMI: 50 (N/A vs last year)
Jan 01, 2025
| Historical average: | 52.7 |
The ISM PMI (Institute for Supply Management Purchasing Managers' Index) is a key economic indicator used to gauge the health of the manufacturing sector in the United States. It is based on a monthly survey of purchasing and supply executives across the country, providing insights into economic trends and the overall direction of the U.S. economy. The PMI specifically measures the economic activity within the manufacturing sector, focusing on metrics such as production, new orders, supplier deliveries, inventories, and employment.
A reading above 50 indicates that the manufacturing sector is expanding. A reading below 50 suggests contraction. A reading of exactly 50 signals no change in activity.
The ISM PMI was first introduced in 1948 by the Institute for Supply Management (ISM), a nonprofit professional association that focuses on advancing the field of supply management.
A reading above 50 indicates that the manufacturing sector is expanding. A reading below 50 suggests contraction. A reading of exactly 50 signals no change in activity.
The ISM PMI was first introduced in 1948 by the Institute for Supply Management (ISM), a nonprofit professional association that focuses on advancing the field of supply management.
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Source:
- Institute for Supply Management