Fiper | ISM Manufacturing PMI

The ISM Manufacturing Index determines the activity level of purchasing managers in the manufacturing sector, and a reading above 50 indicates expansion. To get a reading of this indicator, purchasing managers determine the level of some elements in this sector, including employment, production, new orders, resource allocation, and inventories.

The ISM manufacturing PMI fell unexpectedly to 50.9 in September of 2022, indicating the slowest growth in factory activity since contractions in 2020. It compares with 52.8 in August and market expectations of 52.2. New orders (47.1 vs. 51.3 in August) and employment (48.7 vs. 54.2) are contracted and production increased only slightly (48.7 vs. 54.2). Meanwhile, price pressures continued to ease (51.7, lowest since June 2020 versus 52.5). “After four consecutive months of panel member firms reporting low rates of new orders, the September index reading reflects companies adjusting to potentially lower demand in the future. Several BISC member firms are now managing employee numbers by freezing hiring and attrition to lower levels. , with Fiore, President of ISM said that demand in the medium and long term is uncertain

Forecasts for today's statement and how it affects the currency

Expectations for today's statement point to the 50 . level
In the event that the statement was issued and recorded a lower level than expectations, this would negatively affect the currency
In the event that the statement was issued and recorded a higher level than expectations, this would have a positive impact on the business