News that can affect XAU/USD
Measures: Level of a diffusion index based on surveyed purchasing managers in the manufacturing industry
Usual Effect: 'Actual' greater than 'Forecast' is good for currency
Frequency: Released monthly, on the first business day after the month ends
Next Release: Jul 1, 2025
FF Notes: Above 50.0 indicates industry expansion, below indicates contraction
Why Traders Care: It's a leading indicator of economic health - businesses react quickly to market conditions, and their purchasing managers hold perhaps the most current and relevant insight into the company's view of the economy
Survey of about 300 purchasing managers which asks respondents to rate the relative level of business conditions including employment, production, new orders, prices, supplier deliveries, and inventories;
Also Called Manufacturing ISM Report On Business
Acro Expand: The Institute for Supply Management (ISM), Purchasing Managers' Index (PMI);