Editor's PiCK
US April ISM Non-Manufacturing PMI 51.6…"Exceeds Expectations"
Son Min
Summary
- The US April ISM Non-Manufacturing PMI was 51.6, exceeding both the expected and previous month's values.
- The non-manufacturing PMI indicates a suggestion of economic expansion.
- ISM stated that the PMI index is calculated through a survey of 4,000 companies.
The US April ISM Non-Manufacturing Purchasing Managers' Index (PMI) exceeded expectations.
According to the non-manufacturing PMI report released by the Institute for Supply Management (ISM) on the 5th (local time), the US April non-manufacturing PMI was 51.6, surpassing both the expected value (50.2) and the previous month's value (50.8).
ISM conducts a survey to evaluate the manufacturing economy with 4,000 companies across 20 industries every month to calculate the PMI index. If this index is above 50, it means more opinions expect economic expansion, and if it is below 50, more opinions expect economic contraction.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin falls below $71,000…Lowest level since October 2024](https://media.bloomingbit.io/PROD/news/0e5880b9-61dd-49d4-9d2e-c47a3fb33a93.webp?w=250)
