The activity report of the ISM’s manufacturing sector showed higher than expected figures, and momentarily pushed the dollar into the market. He ISM manufacturing index rose from 57.5 to 60.7, with the market consensus being for a decline to 56.6. It’s about the highest reading since August 2018.
He employment rate of the indicator climbed from 48.4 to 51.5, exceeding the expectation of 50.7. He price paid index climbed from 65.4 to 77.65, and that of new orders, climbed from 65.1 to 67.9. New orders was one of the few indicators in the report to show figures lower than those of the market consensus.
ADP’s private sector employment report will be released on Wednesday and the official report on Friday, with unemployment figures and non-farm payrolls.
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