Noor Trends News, Technical Analysis, Educational Tools and Recommendations
The US manufacturing sector exhibited signs of stabilization in December, as the Institute for Supply Management (ISM) Manufacturing PMI rose to 49.3, surpassing the expected reading of 48.4. While still in contraction territory (a reading below 50 indicates contraction), this slight improvement suggests a moderation in the pace of decline.
However, the report also revealed mixed signals. Employment within the sector continued to weaken, with the Employment Index falling to 45.3. Conversely, the Prices Paid Index climbed to 52.5, indicating a resurgence in inflationary pressures. On a positive note, the New Orders Index improved to 52.5, suggesting potential future demand.
The US Dollar Index, however, showed little immediate reaction to the data, continuing its downward trend and trading near 108.95.
