US Manufacturing PMI Fell to 57.8 in Mid-December

Source: IHS Markit

US manufacturing activity slowed to a 12-month low in December, but there are signals that labor and material supply shortages at factories are starting to ease. DXY down -0.16%, EUR USD up +0.13%

• IHS Markit’s flash manufacturing PMI dropped to 57.8 in mid-December from 58.3 in November. That was the lowest since December last year.
• Manufacturing remains hampered by strong demand for goods and lean inventories at businesses. But supply chain problems resulting from the COVID-19 pandemic remain a challenge.
• IHS Markit’s flash services sector PMI slid to 57.5 in December from 58.0 in November.
• With manufacturing and services sector activity cooling down, overall business activity slowed down this month.
• The survey’s flash Composite PMI Output Index dropped to 56.9 in December from 57.2 in November.
• Index of prices paid by businesses for inputs rose to 78.1, the highest level since the series started in 2009.