CoinVoice has recently learned that, according to Jinshi reports, the U.S. December ISM Manufacturing PMI is 49.3, expected to be 48.4, and the previous value was 48.4, marking a rise for the second consecutive month since last December, with both orders and production showing a rebound, 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, nearly a 3-point drop, the largest since July of last year. Among the five indicators that make up the overall PMI index, the remaining indicators have all improved.
ISM Manufacturing Business Survey Committee Chairman Timothy Fiore stated: "Demand has improved, and production performance has reached the levels of November and the goals of businesses; layoffs are still ongoing, but they should end soon, and price growth is minimal." [Original link]