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ISM Dec Manufacturing PMI Higher At 60.7 vs Nov 57.5

US DATA
MNI (London)

US ISM NEW ORDERS INDEX 67.9 DEC VS 65.1 NOV

US ISM EMPLOYMENT INDEX 51.5 DEC VS 48.4 NOV

US ISM PRODUCTION INDEX 64.8 DEC VS 60.8 NOV

US ISM SUPPLIER DELIVERY INDEX 67.6 DEC VS 61.7 NOV

US ISM INVENTORIES INDEX 51.6 DEC VS 51.2 NOV

The ISM Mfg PMI rose 3.2pt to 60.7 in Dec, beating expectations of a decline to 56.6. The Dec reading marks the highest level since Aug 2018 and the increase was broad-based. Among the main five categories, Supplier Deliveries showed the largest uptick, gaining 5.9pt to the highest since May. Production gained 4.0pt, while New Orders increased by 2.8pt. Employment shifted back to expansion territory, rising by 3.1pt in Dec. Inventories ticked up slightly by 0.4pt following Nov's drop. Among the other categories, Prices saw the largest gain, surging 12.2pt to 77.6, its highest level since May 2018. Order Backlogs rose 2.2pt to 59.1, while the Customer's Inventory index edged up 1.6pt to 37.9. Meanwhile, imports dropped 0.5pt to 54.6 and exports declined 0.3pt to 57.5.

MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com
MNI London Bureau | +44 203-865-3814 | irene.prihoda@marketnews.com

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