Analysts at Nomura note that the US ISM manufacturing index declined 2.1pp to 58.1 in July, the lowest reading since April 2018 and below expectations (Nomura and Consensus: 59.4). Key Quotes “The softening likely reflects a combination of tariff concerns and an unwinding of a distorted supplier deliveries index reading from June.” “The softness in the report was relatively broad-based. The production and new orders indices fell 3.8pp to 58.5 and 3.3pp 60.2, respectively. Combined, they lowered the topline index by about 1.4pp. While still at levels indicating steady business expansion, the declines point to some pullback in the pace of growth.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD: Aug FOMC: Next Hike In Sep; Market Pricing On Hikes Path Too Dovish – SEB Yohay Elam 5 years Analysts at Nomura note that the US ISM manufacturing index declined 2.1pp to 58.1 in July, the lowest reading since April 2018 and below expectations (Nomura and Consensus: 59.4). Key Quotes "The softening likely reflects a combination of tariff concerns and an unwinding of a distorted supplier deliveries index reading from June." "The softness in the report was relatively broad-based. The production and new orders indices fell 3.8pp to 58.5 and 3.3pp 60.2, respectively. Combined, they lowered the topline index by about 1.4pp. While still at levels indicating steady business expansion, the declines point to some pullback in the pace… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
