US: ISM Manufacturing PMI plummets to 54.1 in December vs 57.9 expected
|"The December PMI registered 54.1 percent, a decrease of 5.2 percentage points from the November reading of 59.3 percent," the ISM reported on Thursday.
Key takeaways from the press release
- The New Orders Index registered 51.1 percent, a decrease of 11 percentage points from the November reading of 62.1 percent.
- The Production Index registered 54.3 percent, 6.3-percentage point decrease compared to the November reading of 60.6 percent.
- The Employment Index registered 56.2 percent, a decrease of 2.2 percentage points from the November reading of 58.4 percent.
- The Supplier Deliveries Index registered 57.5 percent, a 5-percentage point decrease from the November reading of 62.5 percent.
- The Inventories Index registered 51.2 percent, a decrease of 1.7 percentage points from the November reading of 52.9 percent.
- The Prices Index registered 54.9 percent, a 5.8-percentage point decrease from the November reading of 60.7 percent, indicating higher raw materials prices for the 34th consecutive month.
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