ISM Manufacturing PMI below 50 level

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Tuesday, Dec 01 2015

The November PMI registered 48.6 percent, a decrease of 1.5 percentage points from the October reading of 50.1 percent. Analysts were forecasting increase to 50.6. The New Orders Index registered 48.9 percent, a decrease of 4 percentage points from the reading of 52.9 percent in October. The Production Index registered 49.2 percent, 3.7 percentage points below the October reading of 52.9 percent.

The Employment Index registered 51.3 percent, 3.7 percentage points above the October reading of 47.6 percent. The New Export Orders Index registered 47.5 percent, unchanged from October, and the Imports Index registered 49 percent, up 2 percentage points from the October reading of 47 percent. Ten out of 18 manufacturing industries reported contraction in November, with lower new orders, production and raw materials inventories accounting for the overall softness in November.

After the data USD was pushed lower.Euro is currently being traded few points below 1.0630 level, Sterling is around 1.5080 handle, while Aussie is above 0.7310 area.

More in this category: « Eurozone Unemployment Rate fell to 10.7% Australian GDP grew by 0.9% in Q3 »

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