Breaking: ISM Pulls Down Numbers From Site; Index Stays at 50.9

Breaking: ISM Pulls Down Numbers From Site; Index Stays at 50.9

Feb 03, 2020

The Institute of Supply Management removed its data on January manufacturing released Monday morning, saying the number was being updated, but later clarified its headline number remained the same.

  • “Historical Number is being updated, come back later today or contact Jessica Boyd at 480-752-6276,” ISM first said on its website.
  • It later clarified that "PMI remains unchanged at 50.9%."

  • At 10:00 AM ET (15:00 GMT), the ISM said its January manufacturing PMI rose strongly to 50.9, beating expectations for a rise to 48.6.
    • The index rising to its highest level since August was a big reason for the market’s surge in early trading. The S&P 500 rose 0.8% in midday trading.

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