US: ISM Manufacturing PMI declines to 48.4 in December vs. 48.5 expected – by eren_fxstreet Manufacturing UnitedStates Macroeconomics EconomicIndicator
US Dollar Index recovers from daily lows, holds above 104.00.
Further details of the publication revealed that the Prices Paid Index slumped to 39.4 from 43 and the Employment Index improved to 51.4 from 48.4. "Panelists' companies continue to judiciously manage hiring. The month-over-month performance of supplier deliveries was the best since March 2009," Fiore added. Managing head counts and total supply chain inventories remain primary goals as the sector closes the year. More attention will be paid to demand as we enter the first quarter to shore up order books for the next six to 12 months."edged higher with the initial reaction and was last seen losing 0.45% on the day at 104.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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