Next release
Released monthlyJul 1, 2026 13:45 UTC
in 9 days
Latest result
The most recent US Manufacturing PMI (Jun 1, 2026, May) printed 55.1 versus 55.3 expected (previous 54.5) — below forecast, negative for the USD.
What it measures
This is a monthly survey of US factory managers, asking whether activity, orders and hiring are rising or falling. A reading above 50 means the sector is growing, below 50 means it is shrinking. This is the final reading, revising the earlier flash estimate, so it usually moves the market less.
A reading comfortably above 50, or a beat on expectations, suggests momentum and can support the dollar, while a drop below 50 or a miss points to weakness and can soften it. Manufacturing is the smaller, more cyclical part of the US economy, so it moves the dollar less than the services survey. As a revision of the flash estimate it usually passes quietly unless the change is sharp.
What a higher or lower US Manufacturing PMI means for the USD
A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the USD.
Higher than forecast
An actual above the 54.5 forecast is typically bullish for the USD.
Lower than forecast
An actual below the 54.5 forecast is typically bearish for the USD.
Release history
Every release of US Manufacturing PMI: actual vs forecast and the beat/miss outcome. Click a date for the full read of that release.
| Release | Actual | Forecast | Previous | Outcome |
|---|---|---|---|---|
| Jun 1, 2026 · May | 55.1 | 55.3 | 54.5 | below |
| May 1, 2026 · Apr | 54.5 | 54.0 | 54.0 | above |
| Apr 1, 2026 · Mar | 52.3 | 52.4 | 51.6 | below |
| Mar 2, 2026 · Feb | 51.6 | 51.2 | 51.2 | above |
| Feb 2, 2026 · Jan | 52.4 | 51.9 | 51.9 | above |
Frequently asked questions
- What is US Manufacturing PMI?
- This is a monthly survey of US factory managers, asking whether activity, orders and hiring are rising or falling. A reading above 50 means the sector is growing, below 50 means it is shrinking. This is the final reading, revising the earlier flash estimate, so it usually moves the market less.
- What was the latest US Manufacturing PMI reading?
- The most recent release (Jun 1, 2026, May) came in at 55.1, versus a forecast of 55.3 and a previous 54.5 — below expectations.
- When is the next US Manufacturing PMI?
- The next US Manufacturing PMI is scheduled for Jul 1, 2026. It is released monthly.
- What happens to the USD if US Manufacturing PMI is higher than expected?
- An actual reading above the consensus forecast is typically bullish for the USD, while a reading below forecast is bearish for the USD. A stronger-than-expected reading points to a more resilient economy or higher-for-longer rates, which tends to draw capital into the USD.
- How does US Manufacturing PMI affect the USD?
- A reading comfortably above 50, or a beat on expectations, suggests momentum and can support the dollar, while a drop below 50 or a miss points to weakness and can soften it. Manufacturing is the smaller, more cyclical part of the US economy, so it moves the dollar less than the services survey. As a revision of the flash estimate it usually passes quietly unless the change is sharp.