Market news
01.08.2022, 14:06

US: ISM Manufacturing PMI declines to 52.8 in July vs. 53 expected

  • US ISM Manufacturing PMI edged slightly lower in July.
  • US Dollar Index stays under bearish pressure below 105.50.

The business activity in the US manufacturing sector expanded at a slightly softer pace in July than in June with the ISM Manufacturing PMI declining to 52.8 from 53 in June. This was the lowest reading since June 2020 but it was better than the market expectation of 52.

Key takeaways

"The New Orders Index registered 48%, 1.2 percentage points lower than the 49.2% recorded in June."

"The Production Index reading of 53.5% is a 1.4-percentage point decrease compared to June's figure of 54.9%."

"The Prices Index registered 60%, down 18.5 percentage points compared to the June figure of 78.5%; this is the index's lowest reading since August 2020 (59.5%)."

"The Employment Index contracted for a third straight month at 49.9%, 2.6 percentage points higher than the 47.3% recorded in June."

Market reaction

The US Dollar Index stays on the back foot after this report and was last seen losing 0.38% on the day at 105.42.

© 2000-2024. All rights reserved.

This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).

The information on this website is for informational purposes only and does not constitute any investment advice.

The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.

AML Website Summary

Risk Disclosure

Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.

Privacy Policy

Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.

Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.

Bank
transfers
Feedback
Live Chat E-mail
Up
Choose your language / location