Highlights of the December 2015 US ISM manufacturing PMI data report 4 January 2016
- Prior 48.6
- Employment 48.1 vs 50 exp. Prior 51.3
- Prices paid 33.5 vs 35.0 exp. Prior 35.5
- New orders 49.2 vs 48.9 prior
Another stinky report. The only saving grace is new orders, and that's only a small positive
Some other positives in the report are exports rising to 51.0 from 47.5. Imports shrunk to 45.5 from 49.0
Comments are mixed between the positives and negatives of the fall in energy and commodities
On the face of it the headline number is what stands out . Employment could be a big worry as that's a sharp loss. There are some small good signs to take note off but there's more components in contraction than expansion and that seals the deal for another bad report
It seems the data is of no consequence to FX prices right now. USDJPY is up at 119.20 from 119.00 while the slide continues in dollar pairs elsewhere. Let's see how the ISM presser tries to dress this one up
