BREAKING: US ISM Manufacturing slightly weaker than expected; price index drops

3:03 PM 1 October 2024

US ISM Manufacturing for September came in 47.2 vs 47.5 exp. and 47.2 previously, with price index falls by most since May 2023 

  • The price sub-index dropped to 48.3 from 54 previously, much lower than anticipated 53.5. New orders index came in 46.1 vs 44.6 exp. and employment 43.9 vs 46 previously. US Construction spending falls -0.1% MoM vs 0.2% exp. and -0.3% previously

Today US macro data clearly signal some weakness in the manufacturing sector, supporting current dovish Fed stance, pressuring US dollar

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