US ISM Manufacturing PMI declines to 48.7 in April vs. 48 expected

Source Fxstreet
  • The ISM Manufacturing PMI remained in contraction territory below 50 in April.
  • US Dollar Index stays in positive territory near 100.00 after the data.

The business activity in the United States (US) manufacturing sector continued to contracted in April, with the ISM Manufacturing Purchasing Managers Index (PMI) edging lower to 48.7 from 49 in March. This reading came in better than the market expectation of 48.

The Employment Index improved to 46.5 from 44.7 in this period, pointing to a decrease in the sector's payrolls at a softening pace. In the meantime, the Prices Paid Index, the inflation component of the survey, rose to 69.8 from 69.4.

Assessing the survey's findings, "in April, US manufacturing activity slipped marginally further into contraction after expanding only marginally in February," said Timothy R. Fiore, CPSM, Chair of the Institute for Supply Management (ISM) Manufacturing Business Survey Committee. "Demand and output weakened while input strengthened further, conditions that are not considered positive for economic growth."

Market reaction

The US Dollar (USD) holds its ground after this report. At the time of press, the USD Index was up 0.33% on the day at 99.95.

Disclaimer: For information purposes only. Past performance is not indicative of future results.
placeholder
Avalanche price nears $20 breakout as China tariffs spark crypto market recoveryAvalanche (AVAX) traded within a narrow 2% range between $18 and $20 this week, signaling stability as markets digest geopolitical volatility.
Author  FXStreet
4 Month 07 Day Mon
Avalanche (AVAX) traded within a narrow 2% range between $18 and $20 this week, signaling stability as markets digest geopolitical volatility.
placeholder
Top 3 Gainers VIRTUAL, EGLD, TRUMP: Altcoins surge amid shattering $866M liquidationsThe rapid cryptocurrency rally led by Bitcoin (BTC) has left traders counting losses, with liquidations in the last 24 hours reaching a staggering $866 million on Friday.
Author  FXStreet
5 Month 09 Day Fri
The rapid cryptocurrency rally led by Bitcoin (BTC) has left traders counting losses, with liquidations in the last 24 hours reaching a staggering $866 million on Friday.
placeholder
BNB Price Finds Its Footing — Can Bulls Ignite the Next Leg Up?BNB price is consolidating above the $640 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $640 support
Author  FXStreet
5 Month 16 Day Fri
BNB price is consolidating above the $640 support zone. The price is now showing positive signs and might aim for more gains in the near term. BNB price is attempting to recover from the $640 support
placeholder
Dogecoin (DOGE) Struggles to Sustain Gain as Meme Coin Mania Cools OffDogecoin started a fresh increase and climbed above the $0.2320 zone against the US Dollar. DOGE is now correcting gains and approaching $0.2180. DOGE price started a fresh increase above the $0.220
Author  NewsBTC
5 Month 19 Day Mon
Dogecoin started a fresh increase and climbed above the $0.2320 zone against the US Dollar. DOGE is now correcting gains and approaching $0.2180. DOGE price started a fresh increase above the $0.220
placeholder
EUR/USD Price Forecast: Seems vulnerable below 1.1200, 200-period SMA on H4 holds the keyThe EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
Author  FXStreet
5 Month 19 Day Mon
The EUR/USD pair ticks higher at the start of a new week amid a softer US Dollar (USD), though it lacks bullish conviction and remains below the 1.1200 round figure through the Asian session.
goTop
quote