U.S. Business Confidence

The Purchasing Managers’ Index (PMI) indicates the well-being of the manufacturing sector of the national economy. The index is calculated on a monthly basis. The main purpose of the PMI is to provide key decision makers — company owners and managers — with adequate and up-to-date information on business conditions. The PMI value fluctuates between 0 and 100. A reading above 50 represents expansion of the manufacturing sector, below 50 — a contraction. If the manufacturing is expanding, the general economy is expected to do the same and vice versa. The PMI of 50 apparently indicates no change.
United States ISM Purchasing Managers’ Index (PMI)
The United States Purchasing Managers’ Index grew beyond expectations in May 2017, reaching the 54.9 level.   Since the beginning of 2016 the indicator was greater than the threshold of 50 with the exception of only three months. Business conditions in the US are slowly yet steadily improving.