US ISM Manufacturing PMI is an economic indicator reflecting the health of the manufacturing sector in the United States. It is based on a survey of purchasing managers across various industries. A reading above 50 generally indicates expansion, while a reading below 50 suggests contraction. This index provides insight into production, new orders, employment, and supplier deliveries.
Context
Financial news outlets closely report on the US ISM Manufacturing PMI as a gauge of broader economic activity, which can indirectly influence digital asset markets. A strong PMI might signal a robust economy, potentially increasing investor confidence in risk assets. Conversely, a weak PMI could suggest economic slowdown, prompting a shift to safer investments.
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