Details from the September 2015 US ISM manufacturing PMI data report 1 October 2015
- Prior 51.1
- Employment 50.5 vs 50.7 exp. Prior 51.2
- New orders 50.1 vs 51.7 prior
- Prices paid 38.0 v s39.3 exp. Prior 39.0
- Exports 46.5 unch
- Imports 50.5 vs 51.5 prior
USDJPY goes through the lows by a few pips as US manufacturing clings onto expansion by the skin of its teeth
The comments aren't all doom and gloom though there's reference to energy prices and the dollar and export markets
It's not a good report overall though and new orders at the lowest since Nov 2012 paints a bleak picture going forward. Employment keeps its nose above water but how long that will last is anyone's guess. The jobs market has been strong in general but the worm could be turning and soon all these little snippets will start to add up in the main numbers
All that remains is to see how the talking heads at the ISM try to polish this turd
US ISM manufacturing PMI