- 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.
