ISM Manufacturing PMI little changed in January

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Monday, Feb 01 2016

The January PMI registered 48.2 percent, an increase of 0.2 percentage point from the seasonally adjusted December reading of 48 percent. Analysts were forecasting increase to 48.6. The New Orders Index registered 51.5 percent, an increase of 2.7 percentage points from the seasonally adjusted reading of 48.8 percent in December. The Production Index registered 50.2 percent, 0.3 percentage point higher than the seasonally adjusted December reading of 49.9 percent.

The Employment Index registered 45.9 percent, 2.1 percentage points below the seasonally adjusted December reading of 48 percent. Inventories of raw materials registered 43.5 percent, the same reading as in December. The Prices Index registered 33.5 percent, the same reading as in December, indicating lower raw materials prices for the 15th consecutive month. Comments from the panel indicate a mix ranging from strong to soft orders, as eight of our 18 industries report an increase in orders, and seven industries report a decrease in orders.

Euro is currently being traded few points above 1.09 level, Sterling is around 1.4350 handle, while Aussie is around 0.7080 area.

More in this category: « UK Manufacturing PMI rose to three-month high RBA left interest rates unchanged »

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