The data released on the first day of this week is good news and not too outrageous.
Let's look at the data first:
The S&P manufacturing index recorded 47.9, lower than the expected 48.1 and lower than the previous value of 48. From the data, the manufacturing industry is weak, but relatively mild.
The focus is on the ISM manufacturing index, which recorded 47.2, higher than the previous value of 46.8 and lower than the expected 47.5.
From the detailed data, we can see that output in August was slightly lower, manufacturing employment increased, inventory increased, and orders decreased.
The data is mixed, but it is good data for the current stage. At least the data proves that the US manufacturing industry is growing, not continuing to decline.
At the same time, the theme of this week is employment data, and the relevant employment data should not be too bad.
Judging from the first set of data this week, the current data is not too outrageous, but it is also in line with my expectations last weekend, which is good data.
At present, the US stock market basically "does not buy into this" after the data was released, but the US dollar index rebounded a bit. Now that the data is out, it is time for the international media to take action and see what kind of "reasonable" interpretation they give!
