9,317.24 TRY BIST 100 BIST 100
5.24 CNY CNY CNY
43.29 EUR EUR EUR
38.18 USD USD USD
0.12 CNY CNY/EUR CNY/EUR
46.35 TRY Interest Interest
67.02 USD Fossil Oil Fossil Oil
40.44 USD Silver Silver
4.76 USD Copper Copper
98.08 USD Iron Ore Iron Ore
352.00 USD Shipbreaking Scrap Shipbreaking Scrap
4,152.75 TRY Gold (gr) Gold (gr)

The USA manufacturing PMI at 15-month low

Manufacturing Industry Purchasing Managers Index in the USA fell to 55, the lowest level in 15 months, with a monthly decrease of 2.7 points in January.

The USA manufacturing PMI at 15-month low

International financial research organization IHS Markit has announced the leading data of the US manufacturing, services and composite Purchasing Managers Index (PMI) for January.

Accordingly, manufacturing industry PMI decreased by 2.7 points to 55 in January compared to the previous month. In this period, the index, which fell more than the market expectations, was expected to reach 56.7. The index, which saw its lowest level in 15 months in January, was recorded as 57.7 last month.

The services sector PMI also decreased by 6.7 points to 50.9 in January compared to December. The index, which fell to its lowest level in 18 months in the said period, was expected to be 55. The services sector PMI was 57.6 in December 2021.

Composite PMI covering the manufacturing and services sectors also decreased by 6.2 points compared to the previous month to 50.8 in January. As in the services sector, the composite PMI, which saw its lowest level in 18 months, was calculated as 57 in December.

"The USA economy almost came to a standstill at the beginning of the year"
Chris Williamson, Chief Economist at IHS Markit, stated in the statement that the US economy came to a near standstill at the beginning of the year with increasing new types of coronavirus (Kovid-19) cases, worsening supply chain delays, workforce shortages and new restrictions to contain the spread of the Omicron variant.

Pointing out that the deterioration in the supply chain has eased compared to most of the second half of last year, Williamson said that this helped the manufacturing optimism about the next year to reach its highest level for more than a year.

A PMI value of 50 and above indicates "expansion" in the sector, and below 50 indicates "contraction".

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

China warns of retaliation: “We will retaliate against countries that harm our interests”

Monday, April 21, 2025

EU resumes free trade negotiations with Gulf states

Monday, April 21, 2025

Green hydrogen could play a role in closing Türkiye's current account deficit

Monday, April 21, 2025

Tariff exemption from Trump for technology products

Sunday, April 13, 2025

US and Iran nuclear talks described as constructive

Sunday, April 13, 2025
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now