BREAKING: ISM Manufacturing PMI shrinks less than expected

15:19 1 April 2020
The Institue for Supply Management's (ISM) Manufacturing PMI in March declined to 49.1  from 50.1 in February, beating market forecasts of 44.9. The reading pointed to a contraction in the factory sector as the coronavirus pandemic and shocks in global energy markets have impacted all manufacturing sectors. However, investors should keep in mind that today's report is not fully reflecting the impact of the coronavirus on the US economy. Therefore despite the better than expected reading the major equity indexes in the US failed to stage a rebound.

This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.

Back

Join over 1.6 Million investors from around the world