OctaFX | OctaFX Forex Broker
Open trading account
Back

US: ISM Non-Manufacturing PMI plummets to 57.6 in December vs 59 expected

"The NMI (Non-Manufacturing Index)registered 57.6 percent, which is 3.1 percentage points lower than the November reading of 60.7 percent," the ISM reported on Monday. 

Key takeaways from the press release

  • This represents continued growth in the non-manufacturing sector, at a slower rate. 
  • The Non-Manufacturing Business Activity Index decreased to 59.9 percent, 5.3 percentage points lower than the November reading of 65.2 percent.
  • The New Orders Index registered 62.7 percent, 0.2 percentage point higher than the reading of 62.5 percent in November.
  • The Employment Index decreased 2.1 percentage points in December to 56.3 percent from the November reading of 58.4 percent.
  • The Prices Index decreased 6.7 percentage points from the November reading of 64.3 percent to 57.6 percent, indicating that prices increased in December for the 34th consecutive month.

United States Factory Orders (MoM) below forecasts (0.7%) in November: Actual (0.3%)

United States Factory Orders (MoM) below forecasts (0.7%) in November: Actual (0.3%)
Read more Previous

US Dollar Index drops to fresh lows and tests 95.70 post-ISM

The downside pressure around the greenback remains well and sound so far on Monday, dragging the US Dollar Index (DXY) to challenge the area of YTD lo
Read more Next
Start livechat