• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

PMI: U.S. Private Sector Recovery Loses Momentum, Hits a 3-Month Low

December 16, 2020 by Forex Winner Leave a Comment

PMI: U.S. Private Sector Recovery Loses Momentum, Hits a 3-Month Low

Flash U.S Composite Output Index for December was 55.7, a 3-month low, down from 58.6 in November, according to IHS Markit press release. The loss of private sector momentum was caused by COVID-19 related restrictions and input prices, which rose at the sharpest rate since April 2018.

IHS Markit US PMI
  • Flash U.S. Services Business Activity Index recorded a 3-month low of 55.3, down from 58.4 in November
  • Flash U.S. Manufacturing PMI recorded a 2-month low of 56.5, down from 56.7 in November
  • Flash U.S. Manufacturing Output Index recorded a 2-month low of 57.3, down from 59.2 in November
  • The rate of growth was sharp overall, despite easing to a three-month low.
  • New orders continued to rise at one of the fastest rates since February 2019 but were weighed down by temporary shutdowns and client uncertainty.
  • Companies registered a fall in new export sales despite a recovery in domestic demand among manufacturing and service sector firms
  • Business confidence was relatively strong in December, despite falling from the November level.

U.S stocks are currently gaining as the dollar loses. SPY is up 0.084%, EURUSD is up 0.20%

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News Tagged With: EURUSD, SPY

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

Microsoft Corp. Shares Experience 1.92% Increase

October 2, 2023

Singapore Blank-Check Company to Acquire Taiwan Social-Entertainment Platform

October 2, 2023

High Blood Pressure in Seniors: A Balancing Act

September 30, 2023

Footer

Forex Broker Reviews

Breaking Equity Review: A Comprehensive Analysis of the Latest Trends and Opportunities in the Stock Market

May 20, 2023 By Forex Winner

europefx

EuropeFX Review

December 26, 2019 By Forex Winner

FBS

FBS Review

January 29, 2020 By Forex Winner

Forex Robot Reviews

Earn2Trade Review

August 20, 2023 By Andre

FundedNext Review

August 16, 2023 By Andre

Topstep Forex Review

August 14, 2023 By Andre

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure