- Prior 53.1
- Business activity 60.9 vs 54.4 exp. Prior 53.4
- Employment 51.3 vs 53.6 prior
- New orders 58.2 vs 53.4 prior
- Prices paid 60.8 vs 58.3 prior
Sizable jumps in activity and orders and yet a softer employment read. USD/JPY up to 102.14.
The numbers are more like what the market was looking for last month being the first ones out from the “polar vortex”. It puts us back to the pre-weather levels and so next it remains to be seen whether this side of the economy is going to continue to grow or whether we hold around these levels.
US ISM non mfg 05 05 2014
