- Prior 57.3
- Employment 56.9 vs 56.8 exp. Prior 56.5
- New orders 64.2 vs 63.6 prior
- Prices paid 53.5 vs 53.0 exp. Prior 52.5
As anticipated a drop from November but not as much as was expected so USD/JPY has a little bounce from the lows at 104.85. Construction spending also adding to the gains.
Another mixed report showing some good and bad signs. Inventories go into contraction to 47 from 50.5. That may be because of the order backlogs being cleared and a general rundown in inventories towards the end of the year. It’s only started trending down so not a worry just yet.. Exports fell to 55.0 from 59.5 in Nov, imports remained unchanged at 55.0 and that is also something to keep an eye on for signs of weakness.
