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US ISM manufacturing dropped to 46.9, corresponds to -0.6% GDP annualized GDP contraction

US ISM manufacturing dropped to 46.9, corresponds to -0.6% GDP annualized GDP contraction
US ISM Manufacturing PMI dropped from 47.1 to 46.9 in May, below expectation of 47.0. Looking at some details, new orders dropped from 45.7 to 42.6. Production rose from 48.9 to 51.1. Employment rose from 50.2 to 51.4. Prices dropped sharply from 53.2 to 44.2. ISM said: ” “This is the seventh month of contraction […] The post US ISM manufacturing dropped to 46.9, corresponds to -0.6% GDP annualized GDP contraction appeared first on Action Forex... Read More
Posted: Jun 1 2023, 14:06
Author Name: actionforex
Views: 110542

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