BREAKING: Manufacturing ISM misses estimates, USD gains

The US manufacturing ISM index for January was released today at 3:00 pm GMT. Report was expected to show a drop from 48.4 to 48.0. However, actual reading showed a deeper drop - to 47.4. Construction spending data for December also missed estimates while JOLTS came in higher than expected. US indices dipped following the release while USD gained.

ISM manufacturing for January

• Headline: vs 48.0 expected (48.4 previously)

• Prices 44.5 vs 39.8 expected (39.4 previously)

• Employment: 50.6 vs 49.0 expected (50.8 previously)

• New Orders: 42.5 vs 45.1 previously

Construction spending for December: -0.4% MoM vs 0.0% MoM expected

JOLTS for December: 11.01 million vs 10.25 million expected

EURUSD dipped following release of US manufacturing ISM data for January. Source: xStation5