He ISM Manufacturing PMI (Institute for Supply Management) has fallen two-tenths of a point, standing at 48.5 points in June compared to 48.7 in May, its lowest level in four months. The figure disappoints market expectations, as an increase to 49.1 was expected.
He prices paid component has fallen sharply, sliding to 52.1 from 57, well below the estimated 55.9. This is its lowest level in six months.
The employment indicator has moderated to 49.3 from 51.1, below the 50 points forecast by experts, while the new orders indicator has risen to 49.3 from 45.4, exceeding the 49 forecast.
Dollar reaction
The Dollar Index (DXY) initially retreated to around 105.50, but subsequently rose to 105.64, where it is now trading down 0.20% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
