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2:00 PM · 1 April 2024

BREAKING: Manufacturing ISM above 50 points. EURUSD falls to 1.075

  • ISM Manufacturing PMI 50.3 (Forecast 48.3, Previous 47.8)
  • ISM Prices Paid Subindex55.8 (Forecast 52.9, Previous 52.5)
  • ISM New Orders Subindex 51.4 (Forecast 49.8, Previous 49.2)
  • ISM Employment Subindex 47.4 (Previous 45.9)

Manufacturing ISM came back above 50 points, indicating economic expansion. The dollar strengthened after the report and EURUSD falls to the lowest since mid-February. In the comments to the report we can read that demand remains soft, but there is high optimism about future orders increase which should improve economic expansion in the Q2. 

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