The ISM is the important data announced by the institute for supply management that leading indicator of economic health. According to ISM,business can quickly respond to market conditions. It can also reflect the degree of economic prosperity and influence the dollar trend .
The American manufacturing Purchasing Managers' Index (PMI) final value fell to 54.8% in November, that's a new low value since January.New orders index final value in November fell to 55.0 from 57.1 to be the lowest value within 10 months;Also,the output index fell to 55.6 from 57.8 creating a new lowest record.
American manufacturing is very strong in November, but its expansion has been slowing for three consecutive months, and then ended up in January (when business activity was impacted by the polar vortex weather) with the lowest value, but there is no anecdotal evidence that suggests that the current manufacturing activity is affected by the weather factors.
According to a report released on Nov. 30, Thanksgiving weekend retail sales up to $50.9 billion since American consumers' holiday spending habits has been changed gradually, which is lower than the same period in 2013 of $57.4 billion. The holiday sales that is lower than expected prevented investors from pushing up U.S stocks.
