Highlights of the August US ISM manufacturing index for August:

  • Lowest since May 2013
  • Prior was 52.7
  • Employment 51.2 vs 52.7 prior
  • Prices paid 39.0 vs 44.0 prior
  • New orders 51.7 vs 56.5 prior
  • New orders lowest since May 2013
  • New export orders lowest since 2009 (strong dollar not helping)

The US dollar is under some pressure after the data. It's tough to see all those 'worst since' headlines and still expect the Fed to hike.