According to the report from ChainCatcher, the US December ISM Manufacturing PMI was 49.3, expected to be 48.4, and the previous value was 48.4. This is the second consecutive month of increase after December last year, with both orders and production having rebounded, indicating that the clouds hovering over the manufacturing industry may begin to dissipate.
According to the output indicator, the rebound in demand has helped achieve the first month-on-month production increase since May. At the same time, the survey shows that more manufacturers are laying off employees at a faster pace. The December employment index fell to 45.3, a drop of nearly 3 points, the largest since July last year. The other four indicators that make up the overall PMI index have all improved.
Timothy Fiore, chairman of the ISM Manufacturing Business Survey Committee, said, "Demand has improved, production execution has reached the level of November and the company's goals; layoffs are still ongoing, but should end soon, and price growth is negligible."
