Details from the November 2015 US ISM manufacturing PMI data report 1 December 2015

  • Prior 50.1
  • Employment 51.3 vs 48.4 exp. Prior 47.6
  • New orders 48.9 vs 52.9 prior
  • Prices paid 35.5 vs 40.0 exp. Prior 39.0

Ouch ouch ouch. Not good at all

Activity at the lowest since Jun 2009. Orders at the lowest since Aug 2012. There's a cushion with the higher jobs number but overall, manufacturing had been circling the drain and has now gone down it. Inventories take another hit falling to 43 vs 46.5 and that will be a worry for GDP

USDJPY slapped down to 122.86 from 123.10. EURUSD is up to 1.0635 and cable is up to 1.5095 from 1.5069

ISM details and comments

ISM manufacturing PMI