In this video, we'll dive into one of the most crucial indicators for assessing the US manufacturing sector's health: the ISM Manufacturing Index, also known as PMI. The index, which was introduced by the Institute for Supply Management (ISM) in 1948, is a vital resource for traders and investors in the financial markets.
The PMI is based on a survey of manufacturing purchasing managers and measures essential factors like production, new orders, employment, and supplier deliveries. A reading above 50 indicates an expansion in the manufacturing sector, while a reading below 50 indicates a contraction.
Traders and investors monitor the PMI closely as unexpected results can impact various financial markets, including stocks, indexes, and currencies. Therefore, staying up-to-date with this macroeconomic indicator is critical for anyone interested in the stock market.
In this video, we'll explain what the ISM Manufacturing Index is, how it's calculated, and its significance in the stock market. So, don't forget to watch the entire video to stay informed about the latest developments in the stock market and ISM Manufacturing Index PMI.
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