The ISM Non-Manufacturing PMI index for the United States fell to 41.8 in April of 2020 from 52.5 in previous month and above market expectations of 36.8. There is considerable divergence with PMI data. Today, the PMI Index was at 26.7 points with a expectation of 27 points (initial reading) and at the previous reading at 39.8 points.
Employment index at 30 points compared to previous 47. Economic activity index at 26 compared to previous 48 points. Subindex on new orders 32.9 with the previous 52.9. Where is the improvement? The price subindex increases to 55.1 points at the previous level of 50 points. Therefore, it can be seen that a better overall reading should not necessarily be considered a good omen for investors.
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile appThe market reacts very little to today's data. EURUSD made up for previous losses and is just below 1.0880. The S&P 500 stays around daily heights, just below 2,880 pts.
EUR/USD - publication of today's ISM Non-Manufacturing data did not have a significant impact on the EURUSD, which continues its sideways movement. Source: xStation5
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
