⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here
MANUFACTURING AT A GLANCE | ||||||
December 2020 | ||||||
Index | Series Index | Series Index | Percentage | Direction | Rate of Change | Months |
Dec | Nov | Point | ||||
Change | ||||||
Manufacturing PMI® | 60.7 | 57.5 | 3.2 | Growing | Faster | 7 |
New Orders | 67.9 | 65.1 | 2.8 | Growing | Faster | 7 |
Production | 64.8 | 60.8 | 4 | Growing | Faster | 7 |
Employment | 51.5 | 48.4 | 3.1 | Growing | From Contracting | 1 |
Supplier Deliveries | 67.6 | 61.7 | 5.9 | Slowing | Faster | 14 |
Inventories | 51.6 | 51.2 | 0.4 | Growing | Faster | 3 |
Customers’ Inventories | 37.9 | 36.3 | 1.6 | Too Low | Slower | 51 |
Prices | 77.6 | 65.4 | 12.2 | Increasing | Faster | 7 |
Backlog of Orders | 59.1 | 56.9 | 2.2 | Growing | Faster | 6 |
New Export Orders | 57.5 | 57.8 | -0.3 | Growing | Slower | 6 |
Imports | 54.6 | 55.1 | -0.5 | Growing | Slower | 6 |
OVERALL ECONOMY | Growing | Faster | 8 | |||
Manufacturing Sector | Growing | Faster | 7 |
The US manufacturing sector continues to impress. In fact, manufacturing rebounded well worldwide in summer after the lock-downs, but the US manufacturing has performed extremely well. It keeps increasing and today’s report showed another jump, taking the ISM indicator above 60 points.
We saw a cool off in November, but the expansion resumed again in December and now this indicator is heading for all time highs. This should be positive for the USD, but the Buck is waiting for the politic scene to clear up in the US, with elections in Georgia this week.
ISM manufacturing
- ISM December manufacturing index 60.7 points vs 56.7 expected
- Highest reading since Aug 2018
- November manufacturing index was 57.5 points
- New orders 67.9 points vs 65.1 (prior 65.1 points)
- Prices paid 77.6 points vs 65.0 expected (prior 65.4 points )
- Employment 51.5 points vs 48.4 prior
This is a great report, something I warned about earlier. With a slight bump from here, it will be at the highest since 2004. The gains comes after a strong Markit manufacturing PMI yesterday. The jump in prices paid should be concerning for the Fed but they continue to brush it off.
Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
Subscribe
Login
0 Comments