Highlights of the January ISM manufacturing index report:
- Prior was 48.0
- Employment 45.9
- Prior employment 48.1
- Prices paid 33.5
- Prior prices paid 33.5
- New orders 51.5
- Prior new orders 49.2
The pickup in new orders is a good sign but falling employment argues against any kind of sustained increase at US manufacturers.
The US dollar is coming under some broader pressure.
