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

Source
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.
Photo=Shutterstock
Photo=Shutterstock

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.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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