Markit Manufacturing PMI in US rose to multi-year high in December. US Dollar Index stays in the negative territory below 90.00. The economic activity in the US’ manufacturing sector expanded at its strongest pace since September 2014 in December with the IHS Markit’s Manufacturing PMI climbing to 57.1 from 56.7 in November. This reading came in better than the flash estimate of 56.5 as well. Further details of the publication showed that the Final Output Index edged lower to 58.3 from 59.2 and the Final Output Prices Index rose to its highest level since May 2011 at 58.6. Commenting on the data, “manufacturers reported a strong end to 2020, with production and order books continuing to grow, albeit with the rates of expansion slowing as a result of rising virus case numbers and related restrictions,” said Chris Williamson, Chief Business Economist at IHS Markit. “Producers of machinery and equipment reported sustained strong demand, suggesting companies are increasing their investment spending,” Williamson added. Market reaction The US Dollar Index showed no immediate reaction to this report and was last seen losing 0.38% on a daily basis at 89.60. 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 Silver prices surge above $27.50 as traders bet on higher inflation ahead FX Street 11 months Markit Manufacturing PMI in US rose to multi-year high in December. US Dollar Index stays in the negative territory below 90.00. The economic activity in the US' manufacturing sector expanded at its strongest pace since September 2014 in December with the IHS Markit's Manufacturing PMI climbing to 57.1 from 56.7 in November. This reading came in better than the flash estimate of 56.5 as well. Further details of the publication showed that the Final Output Index edged lower to 58.3 from 59.2 and the Final Output Prices Index rose to its highest level since May 2011 at 58.6. Commenting on… Top 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.
