ISM MANUFACTURING PMI FORECASTS MODEST UPTICK IN US INDUSTRIAL ACTIVITY

ISM MANUFACTURING PMI FORECASTS MODEST UPTICK IN US INDUSTRIAL ACTIVITY
ISM MANUFACTURING PMI FORECASTS MODEST UPTICK IN US INDUSTRIAL ACTIVITY

ISM MANUFACTURING PMI FORECASTS MODEST UPTICK IN US INDUSTRIAL ACTIVITY

The US ISM Manufacturing PMI is expected to show a modest improvement in January.

Analysts anticipate a PMI of 49.5, up from December’s 49.3, signaling a slight easing in contraction.

A PMI above 50.0 indicates expansion, while below 50.0 signals contraction in the manufacturing sector.

Markets will also focus on the ISM Prices and Employment indices for further insights.

EUR/USD remains under pressure, hovering around the 1.0400 zone as the PMI data is released.