Skip to Content
News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View More
ISM Manufacturing Data at 57.6: Employment and Prices Rise

ISM Manufacturing Data at 57.6: Employment and Prices Rise

Richard Snow, Analyst

US Manufacturing PMI Just Edges Estimate

  • US Manufacturing PMI = 57.6 (actual) vs 57.5 (expected)

Customize and filter live economic data via our DaliyFX economic calendar

Trading Forex News: The Strategy
Trading Forex News: The Strategy
Recommended by Richard Snow
Trading Forex News: The Strategy
Get My Guide

The US manufacturing sector expanded for the 20th month in a row. While September to November we saw prints above 60, the January figure below 60 is still positive in the grand scheme of things.

Certain subsections of the data will be analyzed more closely, like the employment and prices sections as the Fed looks set to hike rate in March. Employment is slightly higher (+0.6%) while prices are a massive (+7.9%) higher than the December number. Continued higher prices have opened the door to the possibility of a 50 basis point hike in March instead of the standard 25 basis points however, this looks unlikely for now.

The proxy for the dollar (US Dollar Index), saw a slight bid after the release but has since then continued to trade at similar levels witnessed in the leadup to the data.

US Dollar Basket (DXY) 5 Min Chart

Source: IG, prepared by Richard Snow

--- Written by Richard Snow for

Contact and follow Richard on Twitter: @RichardSnowFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.