Editor's PiCK
U.S. December manufacturing PMI preliminary 51.8…misses market expectations
Uk Jin
Summary
- The preliminary U.S. December manufacturing PMI was 51.8, below Wall Street's expected 52.0.
- A PMI above 50 indicates economic expansion, and below 50 indicates economic contraction.
- The figure suggests economic expansion but fell short of market expectations.
The U.S. December manufacturing Purchasing Managers' Index (PMI) fell short of expectations.
On the 16th (local time), S&P Global released the preliminary manufacturing Purchasing Managers' Index, which was 51.8, below Wall Street's expected 52.0.
The PMI uses 50 as the baseline to gauge expansion or contraction in business conditions. A PMI above 50 indicates expansion, while a PMI below 50 indicates contraction.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
