ChainCatcher news: According to Jinshi, the US ISM Manufacturing PMI in December was 49.3, the expected value was 48.4, and the previous value was 48.4. It rose for the second consecutive month after December last year. Both orders and production rebounded, indicating that the dark clouds hanging over the manufacturing industry may begin to dissipate.
According to the output measure, the rebound in demand helped to achieve the first monthly increase in production since May. At the same time, surveys show that more producers are cutting jobs at a faster pace. The employment index fell to 45.3 in December, a drop of nearly 3 points, the largest since July last year. All of the five indicators that make up the headline PMI index improved.
ISM Manufacturing Business Survey Committee Chairman Timothy Fiore stated: "Demand is improving, production performance has reached November levels and corporate targets; layoffs are still ongoing, but should come to an end soon, and price increases are minimal."