U.S. ISM manufacturing PMI falls to lowest since 2009 in December

U.S. ISM manufacturing PMI falls to lowest since 2009 in December

Investing.com  | Jan 04, 2016 15:07

U.S. ISM manufacturing PMI falls to lowest since 2009

Investing.com - Manufacturing activity in the U.S. contracted at the fastest pace since July 2009 in December, dampening optimism over the strength of the economy and adding to uncertainty as to how fast the Federal Reserve will raise interest rates next year, industry data showed on Monday.

In a report, the Institute for Supply Management said its index of purchasing managers fell to 48.2 last month from a reading of 48.6 in November. Analysts had expected the manufacturing PMI to inch up to 49.0 in December.

The New Orders Index registered 49.2, an increase of 0.3 points from the reading of 48.9 in November. The Production Index registered 49.8, 0.6 points higher than the November reading of 49.2.

The Employment Index registered 48.1, 3.2 points below the November reading of 51.3. The Prices Index registered 33.5, a decrease of 2.0 points from the November reading of 35.5.

On the index, a reading above 50.0 indicates industry expansion, below indicates contraction.

EUR/USD was trading at 1.0844 from around 1.0837 ahead of the release of the data, GBP/USD was at 1.4726 from 1.4721 earlier, while USD/JPY was at 119.03 from 119.10 earlier.

The US dollar index, which tracks the greenback against a basket of six major rivals, was at 98.77, compared to 98.83 ahead of the report.

Meanwhile, U.S. equity markets were down sharply after the open. The Dow 30 sank 2.1%, the S&P 500 tumbled 2.1%, while the Nasdaq Composite plunged 2.4%.

Elsewhere, in the commodities market, gold futures traded at $1,081.50 a troy ounce, compared to $1,079.90 ahead of the data, while crude oil traded at $38.25 a barrel from $38.24 earlier.

Latest comments

Add a Comment
Please wait a minute before you try to comment again.
Discussion
Write a reply...
Please wait a minute before you try to comment again.

Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

English (USA) English (India) English (Canada) English (Australia) English (South Africa) English (Philippines) English (Nigeria) Deutsch Español (España) Español (México) Français Italiano Nederlands Português (Portugal) Polski Português (Brasil) Русский Türkçe ‏العربية‏ Ελληνικά Svenska Suomi עברית 日本語 한국어 简体中文 繁體中文 Bahasa Indonesia Bahasa Melayu ไทย Tiếng Việt हिंदी
Sign out
Are you sure you want to sign out?
NoYes
CancelYes
Saving Changes

+

Download the Investing.com App

Get free real time quotes, charts and alerts on stocks, indices, currencies, commodities and bonds. Get free top of the line technical analysis/predictors.

Investing.com is better on the App!

More content, faster quotes and charts, and a smoother experience is available only on the App.