The index US Manufacturing PMI released by ISM has risen two points in January, rising to 49.1 points and exceeding market expectations, which forecast a decline to 47. This is the highest figure recorded by the indicator in 15 months, since October 2022. The December figure has been revised downwards, falling to 47.1 compared to the previous 47.4.
He employment component has fallen to 47.1 from 47.5 points, while that of prices paid has shot up to 52.9 from 45.2, exceeding the 46.9 expected. Finally, the index of ISM manufacturing new orders has increased to 52.5 from 47, its highest level since May 2022.
US Dollar Reaction
The Dollar Index (DXY) has bounced after the release, first rising to 103.63 and then falling to 103.44. At the time of writing, the DXY is trading around 103.45, losing 0.05% daily.
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.
