US: ISM Manufacturing drops less-than-expected in Mar

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FXstreet.com (Barcelona) - The ISM manufacturing figure edged to a figure of 61.2 in March from the previous 61.4, however not as much as analysts´ were predicting beforehand. On the other hand, prices paid jumped to a reading of 85 over the month compared to the previous 82.

The Institute for Supply Management ( ISM ) Manufacturing Index shows business conditions in the US manufacturing sector It is a significant indicator of the overall economic condition in US. A result above 50 is seen as positive (or bullish) for the USD, whereas a result below 50 is seen as negative (or bearish).



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



This article appears in: Investing , Forex and Currencies

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