US: ISM Manufacturing PMI unchanged at 46.7 in November vs. 47.6 expected


Share:
  • ISM Manufacturing PMI remained at 46.7 in November. 
  • US Dollar Index trimmed daily gains and fell to 103.50. 

The economic activity in the US manufacturing contracted in November, for the 12th consecutive month, with the ISM Manufacturing PMI at 46.7, unchanged from October. This reading came in worse than the market expectation of 47.6.

Key takeaways from the report:

The Manufacturing PMI® registered 46.7 percent in November, unchanged from the 46.7 percent recorded in October. The overall economy continued in contraction for a second month after one month of weak expansion preceded by nine months of contraction and a 30-month period of expansion before that.

The New Orders Index remained in contraction territory at 48.3 percent, 2.8 percentage points higher than the figure of 45.5 percent recorded in October. 

The Production Index reading of 48.5 percent is a 1.9-percentage point decrease compared to October’s figure of 50.4 percent. 

The Prices Index registered 49.9 percent, up 4.8 percentage points compared to the reading of 45.1 percent in October. 

The Backlog of Orders Index registered 39.3 percent, 2.9 percentage points lower than the October reading of 42.2 percent. 

The Employment Index registered 45.8 percent, down 1 percentage point from the 46.8 percent reported in October.

Market reaction

The US Dollar Index pulled back modestly after the ISM report, falling toward the 103.50 area. However, EUR/USD remained near daily lows at 1.0850. 

Share: Feed news

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. The author will not be held responsible for information that is found at the end of links posted on this page.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.

The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

AUD/USD dips on risk-off mood, RBNZ's dovish pivot

AUD/USD dips on risk-off mood, RBNZ's dovish pivot

The Australian Dollar (AUD) dropped 0.73%, against the US Dollar (USD) on Wednesday/s session, courtesy of a dovish hold by the Reserve Bank of New Zealand (RBNZ), which followed a solid inflation report from Australia. As the Asian session begins, the AUD/USD trades at 0.6496, virtually unchanged.

AUD/USD News

EUR/USD grinds back to flat as investors hunker down for wait to US PCE inflation print

EUR/USD grinds back to flat as investors hunker down for wait to US PCE inflation print

EUR/USD sagged early Friday after European sentiment indicators came in below expectations, and a lopsided print in US Gross Domestic Product (GDP) figures kept the pair in familiar territory midweek.

EUR/USD News

Gold rises as US Treasury yields fall before key US inflation report

Gold rises as US Treasury yields fall before key US inflation report

Gold price remains steady near $2,030 on Wednesday, posting a gain of 0.17% after the US Bureau of Economic Analysis (BEA) revealed the country's economy expanded. A drop in US Treasury bond yields has kept the yellow metal near the current month and weekly highs, capped by the 50-day Simple Moving Average (SMA).

Gold News

Bitcoin price could go into discovery mode now that BTC OTC markets hit six-year low

Bitcoin price could go into discovery mode now that BTC OTC markets hit six-year low

Bitcoin (BTC) price is trading with a bullish bias, recording milestones this week as institutional money floods the crypto markets. Galaxy CEO Mike Novogratz says BTC is now in price discovery phase now the bulk of US wealth has easy access.

Read more

Moment of truth in FX PCE tomorrow

Moment of truth in FX PCE tomorrow

During today's TradeGATEHub Live Trading session, Coach Dale discusses the significance of closing above inter-day spikes in the DXY. He also provides an update on the Rising Wedge pattern in the Dow, as well as his critical threshold for 10-year yields. 

Read more

Forex MAJORS

Cryptocurrencies

Signatures