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Is the US manufacturing downturn bottoming out? $SYN
ISM Manufacturing PMI jumped +4.7 points in January, to 52.6, its highest since August 2022. $ZKP
This marks the first monthly expansion in 12 months. $我踏马来了
New orders surged +9.7 points, to 57.1, the highest since February 2022, suggesting more resilience ahead.
Furthermore, the backlog of orders rose +5.8 points, to 51.6, the highest since August 2022.
The employment index increased +3.3 points, to 48.1, the highest since January 2025, but remained in contraction for the 12th consecutive month.
Meanwhile, prices paid increased +0.5 points, to 59.0, significantly below the June peak of 69.7.
The manufacturing sector finally appears to be rebounding.