US ISM Manufacturing PMI (June 2026)
US ISM Manufacturing PMI slips to 53.3 in June (from 54.0 in May)
Actual
53.3
Forecast
—
Previous
54.0
What it means
The ISM Manufacturing PMI surveys purchasing managers to gauge whether U.S. factory activity is growing or shrinking. Above 50 means expansion. June marked the sixth straight month of growth, but the pace cooled from May's multi-year high.
What it moves
The softer-than-expected print boosted bets that the Fed has room to keep cutting rates, pulling the dollar and Treasury yields lower while gold pushed toward $4,100/oz. Equities were largely steady since the index still points to expansion, just at a slower pace.
Affected markets
- US Dollar Index (DXY) ↓ — Weaker-than-expected factory growth increased bets that the Fed has room to keep cutting rates
- Gold ↑ — Softer PMI boosted safe-haven and rate-cut-linked buying, pushing spot gold toward $4,100/oz
- US Treasury yields ↓ — Slower manufacturing growth reinforced expectations of continued Fed easing
- US equities (S&P 500) → — Index stayed above the 50 expansion threshold, limiting the reaction despite the deceleration
🎓 Today's takeaway
PMI surveys are a leading indicator: because they capture purchasing managers' real-time views, they often signal turning points before slower-moving data like GDP. What matters isn't only the 50 threshold — the month-over-month direction of change (cooling within expansion, or accelerating within contraction) is often what moves markets most.
Vectorial Economía is descriptive educational information about macro data. Not investment advice. Past market behavior does not guarantee future results.