RSS US ISM manufacturing improves to 49.3, but remains in contraction territory

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 RSS US ISM manufacturing improves to 49.3, but remains in contraction territory

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US ISM Manufacturing PMI edged up from 48.4 to 49.3 in December, exceeding market expectations of 48.3. Despite the improvement, the index remained below the 50.0 threshold, signaling contraction for the ninth consecutive month and for the 25th time in the past 26 months. The ISM highlighted that the December reading corresponds to an annualized […]

The post US ISM manufacturing improves to 49.3, but remains in contraction territory appeared first on Action Forex.
 
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