The financial community is gearing up for the next release of the S&P Global Purchasing Managers’ Index (PMI), set to take place on June 23, 2025, at 13:45 GMT. This widely-followed monthly index is an important barometer of the pulse of private business activity. It measures activity in both the U.S. manufacturing sector and service industries. The last S&P Global PMI report was a reading of 53. Investors are now more in-tune than ever to any signs of change that could indicate a broader move in trends.
The S&P Global PMI is on a 0-100 scale. Readings in excess of 50 signal that the private sector is growing, whereas readings under 50 reflect that it’s shrinking. The new release will be very important for economists and investors. It might be able to forecast changes in major economic measures such as Gross Domestic Product (GDP).
Analysts are excited to get their hands on the administration’s interpretation of this fresh data. They are particularly focused on how it will stack up against past estimates, though that consensus forecast remains undeclared. The last Composite PMI was 50.7. This figure was higher than the expectation of 50.5 and better than last month’s reading of 50.3. That’s the good news. The upward trend indicates that the private-sector activity is increasing. Such an expansion would be a significant step and could carry a bullish signal for the US dollar.
It is no wonder that investors turn to the S&P Global PMI as one of the premier leading indicators of overall economic health. This data is their primary guide in making those determinations. The PMI business survey responses point to a shift in narrative from the last month’s PMI. These findings provide important context for the complex economic picture.
The potential implications of a high PMI reading are enormous. Higher than 50 reading is typically seen as bullish for the USD. On the flip side, anything less than this magic number can result in some scary outcomes. “The tariffs should pose a one-off level effect on prices and not be a persistent boost to inflation,” stated Fed’s Waller, highlighting the complex interplay between government policy and economic indicators.
With each passing release date, the market participants are on high alert. They’re considering a number of issues that could impact the S&P Global PMI numbers. Historical context Beyond their immediate effects, the Federal Reserve’s monetary policy decisions shape expectations about the economy going forward. Waller further asserted, “The Fed should not wait for the job market to crash in order to cut rates,” emphasizing the importance of proactive measures in navigating potential economic challenges.