ISM manufacturing index for January 2018
- Prior was 59.1
- Prices paid 72.7 vs 68.8 expected (highest since 2011)
- Prior prices paid 68.3
- New orders 65.4 vs 67.4 prior
- Employment 54.2 vs 58.1 prior (lowest since May)
There's plenty of good news here for the US dollar. I wouldn't say the rise in prices paid is a huge deal because commodity prices are a big part of it but it certainly fits into a hawkish theme.
The weak dollar is the other theme and that appears to be helping. The biggest net percentage of U.S. manufacturers are reporting increases in new export orders since April 2011.
