US Manufacturing PMI declined to 55.5 in December

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Friday, Jan 02 2015

The December PMI registered 55.5 percent, a decrease of 3.2 percentage points from November’s reading of 58.7 percent. Analysts were anticipating a smaller decrease to 57.6. The New Orders Index registered 57.3 percent, a decrease of 8.7 percentage points from the reading of 66 percent in November. The Production Index registered 58.8 percent, 5.6 percentage points below the November reading of 64.4 percent. The Employment Index registered 56.8 percent, an increase of 1.9 percentage points above the November reading of 54.9 percent. Inventories of raw materials registered 45.5 percent, a decrease of 6 percentage points from the November reading of 51.5 percent.

The Prices Index registered 38.5 percent, down 6 percentage points from the November reading of 44.5 percent, indicating lower raw materials prices in December relative to November. Comments from the panel are mixed, with some indicating that falling oil prices have an upside while others indicate a downside. Other comments mention the negative impact on imported materials shipment due to the West Coast dock slowdown.

Regardless of figures USD still remains broadly higher against its major rivals. Euro is currently just few points above 1.2020 level, Sterling is at 1.54 handle, while Aussie is around 0.8120 area.

More in this category: « UK Manufacturing PMI at 52.5 in December USD - Major events in the week ahead »

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