The first major economic data of the new year has come in lower than expected.
Actual: 47.9 Expected: 48.3
A score below 50 indicates contraction in the manufacturing sector. Weak data might push the Fed for more rate cuts.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
🚨 UPDATE: US MANUFACTURING PMI SLIPS
The first major economic data of the new year has come in lower than expected.
Actual: 47.9
Expected: 48.3
A score below 50 indicates contraction in the manufacturing sector. Weak data might push the Fed for more rate cuts.