A Closer Look at the US March ISM Manufacturing Data
Monday, 1 April 2024, 14:00
US March ISM Manufacturing Report
The US March ISM manufacturing report revealed essential metrics that surpassed forecasts, reflecting positive momentum in the sector. Key details included:
- Prices paid: 55.8 vs 52.5 prior
- Employment: 47.4 vs 45.1 prior
- New orders: 51.4 vs 49.2 prior
- Inventories: vs 45.3 prior
- Production: vs 48.4 prior
The data, coupled with the surge in US 10-year yields, impacted the trading environment significantly, with the USD/JPY soaring near 151.61. The market is also influenced by the calendar turnover and recent statements by Powell.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.