US: ISM Manufacturing PMI declines to 50.9 in September vs. 52.2 expected
|- US ISM Manufacturing PMI declined in September but stayed above 50.
- US Dollar Index lost its traction after the data.
The US ISM Manufacturing PMI declined to 50.9 in September from 52.8 in August, pointing to a loss of momentum in the manufacturing sector's growth. This was the lowest reading in over two years and was weaker than the market expectation of 52.2.
Further details of the publication revealed that the Prices Paid Index declined to 51.7 from 52.5, the Employment Index fell to 48.7 from 54.2 and the New Orders Index slumped to 47.1 from 51.3.
Market reaction
The US Dollar Index came under modest bearish pressure and declined toward 112.00 with the initial reaction to this report.
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.