December US ISM manufacturing index 59.7 vs 58.2 expected

Author: Adam Button | Category: News

Manufacturing data from ISM

  • Prior was 58.2
  • Prices paid 69.0 vs 64.5 expected
  • Prior prices paid 65.5
  • New orders 69.4 vs 64.0 prior (highest since 2004)
  • Employment 57.0 vs 59.7 prior

Great report for the US dollar. Strong indications for the economy and some price pressures building.

Here are the comments from the report:

  • "Our business is moving higher into the new year. Increased sales are resulting in increased purchases of CapEx and raw materials." (Chemical Products)
  • "Strong international sales - Europe and Australia - versus last two years. U.S. sales continue to grow. Seeing commodity pricing pressures." (Machinery)
  • "We are seeing a ramp-up with companies releasing early 2018 spend now." (Computer & Electronic Products)
  • "Business conditions are good; we are tracking well to our projections for the year." (Miscellaneous Manufacturing)
  • "First quarter 2018 probably will be better than the fourth quarter 2017." (Fabricated Metal Products)
  • "Domestic and international sales on the rise." (Transportation Equipment)
  • "Economy [is] strong and business is strong, yet signals of headwinds in 2018 are persistent." (Food, Beverage & Tobacco Products)
  • "All suppliers are reporting strong business activity and difficulties obtaining qualified employees." (Paper Products)
  • "Demand at this time is strong in the construction part of our business. I think it is due to the impact of the hurricanes and the rebuild and new construction that is required." (Plastics & Rubber Products)