Summary
- The US April manufacturing Purchasing Managers’ Index (PMI) came in above market expectations.
- S&P Global said its April manufacturing PMI was 54.5, slightly above the market forecast of 54.0.
- A PMI reading above 50 signals economic expansion, while a reading below 50 indicates contraction.
The US manufacturing Purchasing Managers’ Index for April came in slightly above market expectations.
S&P Global said on May 1 that its April manufacturing PMI was 54.5, compared with a market forecast of 54.0.
The PMI uses 50 as the dividing line between expansion and contraction. A reading above 50 signals economic expansion, while a reading below 50 indicates contraction.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
