Details of the December 2016 US ISM manufacturing PMI data report 3 January 2017
Prior 53.2
- Employment 53.1 vs 52.5 exp. Prior 52.3
- Prices paid 65.5 vs 55.5 exp. Prior 54.5
- New orders 60.2 vs 53.0 prior
A strong manufacturing report from the ISM, with a very strong inflationary number from prices.
There's positive comments from the respondents too.
The sentiment is optimistic for 2017 and that can become a self fulfilling prophecy. Barring any weather related slowdown in Q1, the US could be on a good track.
USDJPY has cracked through the earlier highs to 118.57, and just below the 15th Dec high that followed the FOMC.
US ISM manufacturing PMI