CoinVoice has recently learned that, according to Jin Ten 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, with orders and production both rebounding, indicating that the clouds hanging over the manufacturing sector may be beginning to dissipate.
According to output indicators, the rebound in demand 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 other indicators have all improved.
ISM Manufacturing Business Survey Committee Chairman Timothy Fiore stated: "Demand has improved, production performance has reached the levels of November and the company's targets; layoffs continue but should end soon, and price increases are minimal." [Original link]
