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
52.3
Forecast
52.4
Previous
51.6
US Manufacturing PMI for Mar came in at 52.3 versus 52.4 expected (previous 51.6), below forecast, which was negative for the USD.
What it meant for the USD
The actual landed below the 52.4 forecast (0.1 below expectations). A reading above forecast is generally bullish for the USD, and below forecast bearish. On this release the read was negative for the USD.
New to this release? See what US Manufacturing PMI measures, the next release and its full history.