Q: How often is PMI published?

The ISM Manufacturing PMI is published monthly, on the first business day of each month, with data from the previous month. Historical data in the chart goes from 2014 to the most recent available date.

Question 1

What is the ISM Manufacturing PMI?

Accepted Answer

The ISM Manufacturing PMI (Purchasing Managers' Index) is a monthly index published by the Institute for Supply Management that measures activity in the US manufacturing sector. A value above 50 indicates economic expansion; below 50 indicates contraction. It is one of the most closely watched macroeconomic indicators by investors and central banks.

Question 2

Why is PMI relevant for Bitcoin?

Accepted Answer

Historically, Bitcoin has NEVER had a full bull market while PMI was below 50 the entire time. This suggests that BTC bull cycles are correlated with global economic expansion. When PMI crosses above 50 and remains in expansion, the macroeconomic environment is more favorable for risk assets like Bitcoin.

Question 3

What do the shaded zones on the chart mean?

Accepted Answer

The dark red shaded zones represent periods when PMI was below 50 (economic contraction). You can observe that major Bitcoin bear markets (2014-2015, 2018-2019, 2022-2023) coincide with prolonged periods of PMI < 50.

Question 4

How often is PMI published?

Accepted Answer

The ISM Manufacturing PMI is published monthly, on the first business day of each month, with data from the previous month. Historical data in the chart goes from 2014 to the most recent available date.

BTC vs ISM PMI

BTC vs ISM PMI

BTC vs PMI

FAQ — BTC vs PMI