Tag Archives: ISM Manufacturing index

The US economy’s main engine, the industrial sector, is still contracting. However, there are indicators of progress. The purchasing managers index, or PMI, published by the Institute for Supply Management registered 49 in September as opposed to 47.6 in August.According to the data presented on Monday, the US manufacturing sector …

ISM Manufacturing Index dropped during September more than expected to the lowest level in two years. According to analysts, key measures point to slowing economic activity, but it inventories that hold the key to understanding what is happening in the US economy. Companies seem tired of having input prices that …

The stock market fell Wednesday following still-strong economic data and the start of the Federal Reserve’s QE. The Dow Jones Industrial Average fell 177 points, or 0.5%, while the S&P 500 dropped 0.8%, and the Nasdaq Composite declined 0.7%. Stocks tried to rally in the afternoon but ultimately stumbled into …

The EUR/USD pair dropped further and printed a fresh three-day low during the American session at 1.1026 as the US dollar gained momentum. The bias remains to the downside with the pair set to keep trimming weekly gains.The US dollar strengthened after the beginning of the American session as market …