U.S. Manufacturing PMI Remains Stable Despite Global Uncertainty
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U.S. ISM Manufacturing PMI held at 52.7 in April, matching March and the highest since Aug 2022 but below the 53.0 forecast; survey shows stronger orders alongside weaker employment and rising cost pressure. Fed Chair Powell said the economy is quite resilient and could grow above 2% this year, a macro signal that can support risk-on flows and boost crypto adoption, fundraising and token launches on CEXs/DEXs. Crypto market impact: PMI resilience is mildly bullish for price and market activity, but mixed factory data and higher costs pose risks to liquidity, DeFi yields and short-term volatility.
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- U.S. PMI came in at 52.7 and stayed above the 50 expansion line. Dan Gambardello noted that in a recent post.
- The ISM Manufacturing PMI matched March’s reading and is at its highest level since August 2022.
- Jerome Powell said the U.S. economy remains “quite resilient” and could grow above 2% this year.
U.S. manufacturing activity stayed in expansion territory in April as the ISM Manufacturing PMI held at 52.7. Dan Gambardello noted on X that the reading remained above 50 despite wide global uncertainty, adding that the U.S. economy looked resilient.
The stable reading matched March’s level and the highest point since August 2022, though it missed forecasts for 53.0. However, the details showed mixed factory conditions as stronger orders came with weaker employment and higher cost pressure.
U.S. PMI Holds Above 50
Trading Economics data showed the ISM …
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