US ISM Manufacturing PMI for December 49.3 vs 48.4 estimate

• Prior month 48.4

PMI manufacturing index register the price level since March 2024.

• Prices Paid 52.5 vs 50.3 prior. Estimate 51.7. Higher-than-expected
• New Orders 52.5 vs 50.4 prior
• Production xx.x vs 46.8 prior
• Employment 45.3 vs 48.1 prior. Estimate 48.0. Lower-than-expected
• Supplier Deliveries xx.x vs 48.7 prior
• Inventories xx.x vs 48.1 prior
• Backlog of Orders xx.x vs 41.8 prior
• New Export Orders xx.x vs 48.7 prior
• Imports xx.x vs 47.6 prior
• Customers’ Inventories xx.x vs 48.4 prior

Just ahead of the release:

• 2- year yield 4.241%, -0.7 basis points
• 10 year 4.551%, -2.4 basis points
• S&P index +0.58%
• NASDAQ index +1.03%

Looking at the market three minutes after the release, the Dow industrial average is up 0.22%. The S&P is up 0.53% and the NASDAQ index is currently at 0.91%.

Looking at US yields:

• 2 year yield is up to 4.257%, +1.0 basis points
• 10 year yield 4.573%, -0.2 basis points.

This article was written by Greg Michalowski at www.forexlive.com.