November 2014 US ISM manufacturing PMI 58.7 vs 57.8 exp

  • Prior 59.0
  • Prices paid 44.5 vs 52.0 exp. Prior 53.5
  • New orders 66.0 vs 65.8 prior
  • Employment 54.9 vs 55.5 prior

That’s a massive drop for prices and the first time below 50 since July 2013

Employment falls too but is countered by new orders rising once again. That’s halted the dollar fall for now as we climb from 117.90 to 118.05

US ISM manufacturing PMI details 01 12 2014

US ISM manufacturing PMI details 01 12 2014

From the comments the most notable one is on people leaving to take other jobs. It’s one of the indications that the jobs market is starting to normalise and the first precursor to wages rising.

US ISM manufacturing PMI comments 01 12 2014

US ISM manufacturing PMI comments 01 12 2014

US ISM manufacturing PMI prices paid 01 12 2014

US ISM manufacturing PMI prices paid 01 12 2014

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