USA: ISM manufacturing index up in December

(CercleFinance.com) - The contraction of the US manufacturing sector may have eased in December, according to the Institute for Supply Management (ISM) index, which rose to 49.
3 for the past month from 48.4 in November, while Jefferies was expecting a decline to 47.7.

This surprise rise in the ISM index contradicted the PMI manufacturing index released the previous day by S&P Global, which fell slightly from 49.7 to 49.4 month-on-month.

For the record, it is the 50-point threshold that separates expansion and contraction in a sector's activity according to the PMI and ISM indices: the lower they are below this threshold, the faster the pace of contraction in activity.

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