Action Insight Mid-Day Report ISM Still in Contraction, Yen Higher on Risk Aversion While ISM manufacturing index came it better than expected at 49.6. in May, markets are clearly not satisfied as it remained a contraction reading for the fourth month in a roll. Looking at the details of the report, the employment component a big concern, staying deep below 50 at 45.5, just a touch better than Apr's 45.4. Price components surged sharply to 87.0, well above expectation and being the highest ...
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