US ISM Manufacturing Prices Index Rises to 59.0 in January, Below Estimates
The US ISM Manufacturing Prices index rose to 59.0 in January from 58.5 previously, indicating continued price expansion in the manufacturing sector. The reading came in below economist estimates of 59.3 but remained well above the 50.0 expansion threshold, reflecting ongoing input cost pressures for US manufacturers.
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The US ISM Manufacturing Prices index registered 59.0 in January, marking an increase from the previous month's reading of 58.5. The actual figure fell short of economist estimates of 59.3, though it remained well above the 50.0 threshold that separates expansion from contraction.
Index Performance Analysis
The January reading demonstrates continued price expansion in the US manufacturing sector. The ISM Manufacturing Prices index measures the rate of change in prices paid by manufacturing companies for raw materials and other inputs.
| Metric | Value |
|---|---|
| January Actual | 59.0 |
| Previous Reading | 58.5 |
| Economist Estimate | 59.3 |
| Month-over-Month Change | +0.5 points |
Manufacturing Price Trends
The index reading of 59.0 indicates that manufacturing companies continued to experience rising input costs during January. Any reading above 50.0 signals expansion in prices, while readings below 50.0 indicate declining prices. The increase from 58.5 to 59.0 suggests that price pressures intensified compared to the previous period.
Market Context
While the actual reading exceeded the previous month's figure, it remained below analyst expectations of 59.3. This slight underperformance relative to estimates may provide some relief regarding inflationary pressures in the manufacturing sector, though the overall reading still reflects continued price expansion across the industry.
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