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ISM PMI Index has remained above 51 for four consecutive months
ME News Report, May 2nd (UTC+8), the announced ISM PMI index today is 52.7, exceeding 51 for the fourth consecutive month. The last two times this occurred were in January 2017 and September 2020, both of which triggered historic increases in cryptocurrency prices. ISM is a U.S. manufacturing economic indicator; crossing 51 indicates economic expansion. Previously, whenever the ISM index stayed above 55, the crypto market experienced significant price increases. Currently, the index has not yet reached 55. (Source: MLion)