- The ISM Manufacturing PMI remained in the territory of the backdrop below 50 in April.
- The US dollar index remains in positive territory near 100.00 after data.
The business activity to United States (US) The manufacturing sector continued contracting in April, with the ISM Manufacturing Purchasing Managers Index (PMI) less than 48.7 from 49 in March. This reading came better than relying on the 48th market.
The work index has evolved at 46.5 from 44.7 during this time, pointing to the reduction in sector payrolls in a softening. Meanwhile, prices that pay the index, the survey inflation component, rose to 69.8 from 69.4.
Analysis of the findings of the survey, “In April, US manufacturing activity slipped further in retrospect after expanding marginally in February,” said Timothy R. Fiore, CPSM, Chairman of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. “Demand and output are weakened as the input is further strengthened, conditions that are not considered positive for economic growth,” he added.
Market reaction
The US dollar (USD) holds the ground after this report. At the time of press, the USD index reached 0.33% in the day at 99.95.
