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US July ISM manufacturing PMI 46.4 vs 46.8 expected

US July ISM manufacturing PMI 46.4 vs 46.8 expected
Prior report 46.0ISM Manufacturing PMI 46.4 versus 46.8 expectedPrices paid 42.6 vs 42.8 expected. Last month 41.8Employment 44.4 vs 48.0 expected. Last month 48.1New orders 47.3 vs 45.6 priorUS manufacturing is undoubtedly in a recession but there may be signs that the recession has bottomed and I'm beginning to believe that an upside risk for 2024 is from manufacturing. It's early but the 'new orders' component is turning up and that's a forward-looking data point. This ar... Read More
Posted: Aug 1 2023, 14:00
Author Name: forexlive
Views: 080823

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