Recent History Of This Indicator:
The flash January manufacturing PMI improved by a solid 1-1/2 points to a 52.7 level that is, however, on the soft side for this report which typically runs hotter than the ISM. New orders firmed on strength in domestic demand, offsetting another month of weakness for exports. Backlogs also stabilized in the flash report. Other readings included a gain for production but slowing for job creation. A 1 tenth dip back to 52.6 is expected for the final January reading.
The flash January manufacturing PMI improved by a solid 1-1/2 points to a 52.7 level that is, however, on the soft side for this report which typically runs hotter than the ISM. New orders firmed on strength in domestic demand, offsetting another month of weakness for exports. Backlogs also stabilized in the flash report. Other readings included a gain for production but slowing for job creation. A 1 tenth dip back to 52.6 is expected for the final January reading.
No comments:
Post a Comment