others
US ISM Manufacturing PMI improves to 49.1 in January vs. 47 expected – Crypto News
- ISM Manufacturing PMI came in better than expected in January.
- US Dollar Index holds steady near 103.50 after the data.
Business activity in the US manufacturing sector continued to contract in January, albeit at a softer pace than December, with the ISM Manufacturing PMI rising to 49.1 from 47.1. This reading came in better than the market expectation of 47.
Further details of the report showed that the Prices Paid Index climbed to 52.9 from 45.2 and the Employment Index edged lower to 47.1 from 47.5. Finally, the New Orders Index advanced to 52.5 from 47.
Assessing the survey’s findings, “the US manufacturing sector continued to contract, though at a marginal rate compared to December,” said Timothy R. Fiore, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. “Demand moderately improved, output remained stable and inputs are accommodative.”
Market reaction
The US Dollar Index inched higher with the immediate reaction to this report and was last seen trading unchanged on the day at 103.50.
-
Cryptocurrency1 week agoOpenAI’s GPT-6 Astra Is Shockingly Good at Almost Everything – Crypto News
-
De-fi6 days agoMemecoin degens are providing the spark for Wall Street to turn stock tokens into real capital – Crypto News
-
Cryptocurrency4 days agoThe dilution trap where Bitcoin holdings rise while shareholder value stalls – Crypto News
-
De-fi2 days agoXRP holders could earn new yield, but getting out may take up to 60 days – Crypto News
-
Blockchain2 days agoWhy Clichmont Is Building AI Infrastructure Instead of Renting It – Crypto News