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US ISM manufacturing ticked up to 47.7, corresponds to -0.3% annualized GDP contraction

US ISM manufacturing ticked up to 47.7, corresponds to -0.3% annualized GDP contraction
US ISM Manufacturing PMI rose from 47.4 to 47.7 in February, below expectation of 47.9. Looking at some details, new orders rose from 42.5 to 47.0. Production dropped from 48.0 to 47.3. Employment dropped from 50.6 to 49.1. Prices jumped from 44.5 to 51.3. ISM said: “This is the fourth month of slow contraction and […] The post US ISM manufacturing ticked up to 47.7, corresponds to -0.3% annualized GDP contraction appeared first on Action Forex... Read More
Posted: Mar 1 2023, 15:07
Author Name: actionforex
Views: 110539

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