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Last January, the US ISM Manufacturing index jumped to 50.9, higher than the forecast of 48.5, and the highest in the past 6 months. In January 2020, the new orders index, output production and exports increased.




Graph ISM Manufacturing



Manufacturing index summaries



Manufacturing at a glance january 2020



For February 2020, it is estimated that the ISM Manufacturing PMI index will be a correction to higher than farecast  it will make tend the  USD to strengthen.

US yields have surged since the Federal Reserve meeting last week where it said it would start cutting back on stimulus as soon as November and a marked increase in interest rates could follow sooner than expected. Fed Chair Jerome Powell signaled nervousness about inflation, which has seen the US 10-year yield rise above 1.54% to the highest level since mid-June as markets push higher prices for future inflation in financial markets.