U.S. December ISM Manufacturing PMI 49.3, slightly up
ChainCatcher news, according to Jinshi reports, the U.S. December ISM Manufacturing PMI is 49.3, expected 48.4, previous value 48.4, marking the second consecutive month of increase since last December. Orders and production have both rebounded, indicating that the clouds hanging over the manufacturing sector may begin to dissipate.According to output indicators, the rebound in demand has helped achieve the first month of production growth since May. Meanwhile, the survey shows that more manufacturers are laying off workers at a faster pace. The employment index for December fell to 45.3, down nearly 3 points, the largest drop since July of last year. Among the five indicators that make up the overall PMI index, the remaining indicators have all improved.Timothy Fiore, chairman of the ISM Manufacturing Business Survey Committee, stated: "Demand is improving, production performance has reached November's levels and the company's targets; layoffs are still ongoing, but should end soon, and price growth is minimal."