May 2018 US ISM manufacturing PMI data 01 June 2018
- Prior 57.3
- New orders 63.7 vs 61.2 prior
- Employment 56.3 vs 54.5 exp. Prior 54.2
- Prices paid 79.5 vs 78.2 exp. Prior 79.3
This is going to be one of the key data points to watch as the trade war hots up. As you can see from the comments, we’re already seeing the effects filter through. Export orders are down, alongside imports. Expect higher prices, falling inventories and more volatility in imports/exports.