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
54.5
Forecast
54.0
Previous
54.0
US Manufacturing PMI for Apr came in at 54.5 versus 54.0 expected (previous 54.0), above forecast, which was positive for the USD.
What it meant for the USD
The actual landed above the 54.0 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.