FXStreet (Mumbai) – The manufacturing activity in the US cooled in July from the five month high seen in June, official data showed on Monday.
The Institute for Supply Management’s index fell to 52.7 from a June reading of 53.5 that was the fastest since the start of the year. The actual figure printed below the consensus estimate of 53.5.
The official report also showed new orders gauge climbed to 56.5 from 56 the prior month, and a measure of production rose to 56 from 54. The index for orders waiting to be filled decreased to 42.5, the weakest since November 2012, from 47.
The employment index declined to 52.7 from 55.5. The measure of export orders fell to 48 from 49.5. The gauge of factory inventories dropped to 49.5 from 53, and customer stockpiles decreased to 44 from 48.5. The index of prices paid dropped to 44 from 49.5.
(Market News Provided by FXstreet)