Source: Institute for Supply Chain Management
US Manufacturing PMI was posted at 57.6% in January, down by 1.2 percentage points from December. SPY is down -0.30%, DXY is down -0.27%.
- The PMI was the lowest since November 2020 but underlined manufacturing expansion for the 20th straight month.
- Supplier deliveries held at 64.6, an encouraging figure as analysts projected a worsening of the reading following the Omicron wave.
- The New Orders Index fell by 3.1 percentage points to 57.9 in January, with the Backlog of Orders Index at 56.4%, down 6.4 percentage points from December. The overall production index fell by 1.6 percentage points to 57.8%.
- The Employment Index improved by 0.6 percentage points to 54.5%.
- The New Export Orders Index gained by 0.1 percentage points to 53.7 in January, while the imports gauge rose by 1.3 percentage points to 55.1%.
- Factory prices continued to surge, with a reading of 76.1 in January, up from 68.2 in December.
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