Wednesday, 03 June 2020
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
US: IMP Manufacturing Recovered 48.3 in October, Missed Market Estimate of 48.9

The Institue for Supply Management (ISM) on Friday reported that the economic activity in the manufacturing sector in the US continued to contract in October with the Purchasing Managers' Index (PMI) coming in at 48.3. Although this reading was better than September's 47.8, it was still below the market expectation of 48.9.

The US Dollar Index turned south on the disappointing data and was last down 0.1% on the day at 97.25.

Assessing the data, "Comments from the panel reflect an improvement from the prior month, but sentiment remains more cautious than optimistic. October was the third consecutive month of PMI contraction, at a slower rate compared to September," noted Timothy R. Fiore, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. "Demand contracted, with the New Orders Index contracting marginally, the Customers™ Inventories Index moving into ˜about right™ territory and the Backlog of Orders Index contracting for the sixth straight month (and at a faster rate). The New Export Orders Index surged into expansion territory, likely contributing to the slowing contraction of the New Orders Index."

Source : Fxstreet

RELATED NEWS
ISM Manufacturing PMI improves to 43.1 in May vs. 43.6 expected...
Monday, 1 June 2020 21:32 WIB

The economic activity in the US' manufacturing sector contracted at a softer pace in May than it did in April with the ISM's Manufacturing Purchasing Managers' Index (PMI) improving to 43.1 from 41.5....

U.S. GDP Contracted 5% in First Quarter Instead of 4.8%...
Thursday, 28 May 2020 19:53 WIB

The U.S. economy contracted at an annual 5% pace in the first quarter instead of 4.8%, revised government data show. A downward revision to inventory investment mostly accounted for the downward revis...

Australia Second-Quarter Employment Fall May Now Be 15% Vs Earlier 20% Estimate...
Thursday, 28 May 2020 08:20 WIB

Australian employment in the June quarter may have fallen by only 15% from a year earlier, less than a previous 20% estimate, as there are signs of job increases in the industries most affected by the...

U.K. Retail Sales Fall by a Record 18% in April, Clothing Sales Slump 50%...
Friday, 22 May 2020 13:44 WIB

A nationwide lockdown due to the coronavirus outbreak triggered a record fall in U.K. retail sales in April, the Office for National Statistics reported Friday. The volume of sales fell 18.1% in Apri...

IHS Markit : Latest U.S. PMI Data Indicate Rate Of Collapse In U.S. Economy Peaked In April...
Thursday, 21 May 2020 21:27 WIB

U.S. private sector firms reported a slightly slower rate of contraction in activity in May, according to latest PMI data from IHS Markit. The firm said its flash manufacturing purchasing index rose ...

LATEST NEWS
EUR/USD tops 1.12 amid risk-on mood, ahead of data

EUR/USD is trading around 1.12, the highest since March. The safe-haven dollar is weakening amid optimism for reopening and stimulus, shrugging off civil unrest. Services PMIs from both sides of the pond and ADP's jobs report are both eyed. A...

Nikkei Rallies to Fresh 3-Month High; Weaker Yen Lifts Auto Shares

Japan™s stock benchmark Nikkei advanced to a new three-month high on Wednesday as a rapidly weakening yen and investor fear of missing out a rally boosted automakers and other cyclical sectors. The Nikkei average gained 1.2% to 22,581.74 by the...

Oil Hits Three-Month High Over Hopes For Output Cuts

Oil rose on Wednesday to a near three-month high amid optimism that major producers will extend production cuts as the world recovers from the coronavirus pandemic. Brent crude was up 22 cents, or 0.6%, at $39.79, by 0003 GMT, the highest since...

POPULAR NEWS
Gold Climbs As U.S. Riots Spark Safe-Haven Rush
Monday, 1 June 2020 16:00 WIB

Gold prices rose on Monday as riots in major U.S. cities rattled investors already reeling from strained China-U.S. relations and boosted demand for...

Gold edges lower as investors play down U.S.-China tensions
Monday, 1 June 2020 19:54 WIB

Gold futures traded slightly lower Monday, losing ground as equities drifted into positive territory and investors appeared to play down U.S.-China...

Gold Rises as U.S. Riots, Hong Kong Rensions Lift Safe-Haven Appeal
Monday, 1 June 2020 09:15 WIB

Gold prices climbed on Monday as reports of riots in the United States rattled investors already reeling from the deepening China-U.S. rift, fanning...

Gold futures post second straight loss
Wednesday, 3 June 2020 01:24 WIB

Gold futures on Tuesday posted a second consecutive session decline, with profit-taking and strength in global stock markets the key reasons cited...