- US: ISM Manufacturing PMI falls to 57.6 in January vs. 57.5 expected
Market news
1 February 2022
US: ISM Manufacturing PMI falls to 57.6 in January vs. 57.5 expected
- ISM Manufacturing PMI fell to its weakest since November 2020 in January at 57.6.
- The Employment subindex hit its highest since last March.
According to a survey compiled by the Institute of Supply Management, US Manufacturing PMI fell to 57.6 in January from 58.7 in December. That was a little higher than the expected reading of 57.5, but nonetheless and marked the weakest reading since November 2020.
Subindices:
- Prices Paid rose to 76.1 from 68.2.
- New Orders fell to 57.9 from 61.0, its lowest since June 2020.
- Employment rose to 54.5 from 53.9, its highest since March 2021.
Market Reaction
FX markets did not seemingly react too much to the latest ISM figures.
Market Focus
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