ISM Manufacturing PMI (Jun): Actual: 53.5; Forecast: 53.1; Previous: 52.8;
After good data for the employment in the private sector of the US economy in June (it marked a solid improvement in compare the end of last year), the PMI data is a higher than expected reading and should be taken as bullish for the USD.
The Institute of Supply Management (ISM) Manufacturing Purchasing Managers Index (PMI) Report on Business is based on data compiled from monthly replies to questions asked of purchasing and supply executives in over 400 industrial companies. A reading above 50 indicates expansion in the sector.
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