U.S. Records 3.2% Rises in Manufacturing PMI in December

U.S. December Manufacturing PMI registered 60.7%, up 3.2% from November reading of 57.5%, according to press release. The figure reflects an expansion in the overall economy for eight months in a row, offsetting contractions in March, April, and May.

• The New Orders Index was 67.9%, up 2.8% from November’s reading of 65.1%
• The Production Index was 64.8%, up 4% from November’s reading of 60.8%
• The Backlog of Orders Index was 59.1%, up 2.2% from November’s reading of 56.9%
• The Employment Index returned to the expansion territory at 51.5%, up 2.1% from November’s reading of 48.4%
• The Supplier Deliveries Index was 67.6%, up 5.9% from November’s reading of 61.7%
• The Inventories Index was 51.6%, up 0.4% from November’s reading of 51.2%
• The Prices Index was 77.6%, up 12.2% from November’s reading of 65.4%
• The New Export Orders Index was 57.5%, down 0.3% from November’s 57.8%
• The Imports Index was 54.6%, down 0.5% from November’s 55.1%

U.S stocks are currently gaining as the dollar loses. SPY is up 0.31%, QQQ is up 0.36%, EURUSD is up 0.41%