1 Jul 2015
US manufacturing PMI rises to a five month high of 53.5 in June
FXStreet (Mumbai) - The manufacturing activity in the US expanded at a fastest rate in five months. The ISM manufacturing index rose to 53.5 in June from 52.8 in May. The markets were expecting a reading of 53.1.
Other details are–
The ISM’s new orders measure rose to 56 last month, the highest this year, from 55.8 in May, while the production gauge eased to 54 from 54.5.
Manufacturing employment increased to 55.5, the highest since December, from 51.7 in May. The inventory gauge increased to 53 last month from 51.5.
The ISM prices paid fell to 49.5 in June from 49.5 in May. The number was expected to tick higher to 51.00.
Other details are–
The ISM’s new orders measure rose to 56 last month, the highest this year, from 55.8 in May, while the production gauge eased to 54 from 54.5.
Manufacturing employment increased to 55.5, the highest since December, from 51.7 in May. The inventory gauge increased to 53 last month from 51.5.
The ISM prices paid fell to 49.5 in June from 49.5 in May. The number was expected to tick higher to 51.00.