BREAKING: US Factory Growth Below Forecasts: ISM

3:07 PM 1 October 2020
The Institute for Supply Management's (ISM) Manufacturing PMI in September declined to 55.4 from 56.0 in the previous month. Today’s reading came in below market forecasts of 56.3.  "After the coronavirus pandemic brought manufacturing activity to historic lows, the sector continued its recovery in September. Survey Committee members reported that their companies and suppliers continue to operate in reconfigured factories and are becoming more proficient at maintaining output. Panel sentiment was optimistic, an improvement compared to August", Timothy R. Fiore, Chair of the ISM said.
The reading pointed to the 4th consecutive month of growth in factory activity, although it slowed from August's high. Source: Bloomberg
EURUSD saw relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1740 level. Source: xStation5
Share:
Back

Join over 1 600 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits