February 2018 US ISM manufacturing PMI report 1 March 2018
- Prior 59.1
- New orders 64.2 vs 65.4 prior
- Employment 57.9 vs 54.2 prior
- Prices paid 74.2 vs 70.5 exp. Prior 72.7 (highest since May 2011)
A good report but not really getting the credit it deserves in the dollar. USDJPY is back asleep, while the euro has only nicked a minor new low. GBPUSD matched the earlier low at 1.3728. Export orders picked up nicely but the main point to take is the comments on problems finding workers. That’s an indication that firms will be stepping up the wages to entice employees.