ISM new orders indicate slowdown in manufacturing activity
|Summary
The ISM manufacturing index slid to its lowest reading in two years amid a contraction in new orders. Details of the report demonstrate slower activity in the manufacturing sector, but also that supply problems continue to slowly ease. In short, the report piles onto weaker consumer data received this week and signals investment spending is starting to weaken too.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.