- Early indications suggest the S&P Global PMIs for April may show further deterioration.
- Financial markets are pricing in a 25 basis point rate reduction by the Federal Reserve in June.
- EUR/USD continues to fluctuate around its three-year peak, holding above 1.1500.
This Wednesday, S&P Global is scheduled to release its initial Purchasing Managers’ Indices (PMIs) for April in the United States. These figures are derived from surveys conducted among leading private sector managers, providing an initial assessment of the economy’s current strength.
The report includes three distinct metrics: the Manufacturing PMI, the Services PMI, and the Composite PMI (calculated as a weighted average of the other two). Each index is structured so that values exceeding 50 indicate growth, while values below 50 suggest a decline. Released significantly in advance of many official government reports, these monthly snapshots evaluate a wide range of factors, from production and export patterns to the use of resources, job creation, and stock levels, serving as a leading indicators of the economy’s future path.
