US ISM manufacturing PMI beats estimates, but stays below 50.00

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    The US Institute of Supply Management’s (ISM) PMI manufacturing index for February beat estimated to print at 49.5 compared to January figure of 48.2.

    The details also revealed the pace of contraction in the jobs growth eased in February.

    Sub indices

    Employment index 48.5 Feb vs 45.9 Jan

    Prices paid index 38.5 Feb vs 33.5 Jan (nsa)

    New orders index 51.5 Feb vs 51.5 Jan

    Production index 52.8 Feb vs 50.2 Jan

    Supplier delivery index 49.7 Feb vs 50.0 Jan

    Order backlog index 48.5 Feb vs 43.0 Jan (nsa)
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