What is ISM United States Manufacturing Purchasing Managers Index PMI

Hello master, What is ISM United States Manufacturing Purchasing Managers Index (PMI)?

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Manufacturing PMI is one of the most important indicators of economic health. Although the manufacturing sector is not a very important component of national GDP, it is still an early indicator of a coming recession or growth. Purchasing managers are among the first to know when the market conditions change, since they work in the short term and can evaluate a trend towards changing economic conditions. The index is released earlier than GDP and reports from the Bureau of Labor Statistics, therefore it is a leading indicator.

Manufacturing PMI growth is usually seen as positive for the US dollar...

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