The ISM Manufacturing PMI for the US jumped to 61.1 in November from 60.8 in the previous month, breaking a fresh record high and slightly above analysts’ expectations of 61.0. Today's report indicated expansion in the overall economy for the 18th month in a row after a contraction in April 2020. Production, new orders and employment all increased at faster rates, while the survey's measure of prices paid by manufacturers eased.
- prices paid index 82.4 versus 85.7 in October
- new orders 61.5 versus 59.8 October
- employment index 53.3 versus 52.0 in October (highest since April)
EURUSD saw a relatively small reaction to today’s data releases. The most popular currency pair continued to trade around 1.1350 level. Source: xStation5
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