Details from the February 2016 US ISM manufacturing PMI data report 1 March 2016
- Prior 48.2
- Employment 48.5 vs 46.4 exp. Prior 45.9
- New orders 51.5 vs 51.5 prior
- Prices paid 38.5 vs 34.5 exp. Prior 33.5
That's a positive report, in terms of being less rubbish. That's a wide enough beat to give the dollar a shot in the arm and USDJPY has jumped to 113.43 from 113.15.
No doubt, the ISM's Holcomb will be prepping the trumpet for this one, especially after reading some of the respondents comments.
Full details and comments
US ISM manufacturing PMI
Despite the better headline, international trade is still suffering. Exports contracted further and imports dropped into the negative. That points to domestic demand being the bigger driver.
