PiCK

U.S. December Manufacturing PMI 51.8…In Line With Market Expectations

Uk Jin

Summary

It reported that the U.S. December manufacturing PMI recorded 51.8, meeting market expectations.
It stated that the PMI exceeded 50 and signaled economic expansion.
The figure suggested that the U.S. manufacturing sector is maintaining stability.

The U.S. manufacturing Purchasing Managers' Index (PMI) for December matched market expectations.

On the 2nd (local time), the manufacturing PMI released by S&P Global was 51.8, the same as Wall Street's expectation (51.8).

The PMI uses 50 as the baseline to gauge expansion or contraction in business conditions. A PMI above 50 indicates expansion, while below 50 indicates contraction.