US Manufacturing PMI surveys factory purchasing managers on output, orders and hiring; a reading above 50 means the manufacturing sector is expanding and below 50 means it is contracting.
Actual
52.4
Forecast
51.9
Previous
51.9
US Manufacturing PMI for Jan came in at 52.4 versus 51.9 expected (previous 51.9), above forecast, which was positive for the USD.
What it meant for the USD
The actual landed above the 51.9 forecast (0.5 above expectations). A reading above forecast is generally bullish for the USD, and below forecast bearish. On this release the read was positive for the USD.
New to this release? See what US Manufacturing PMI measures, the next release and its full history.