US Manufacturing Expands in December

The Institute of Supply Management's monthly reading on the U.S. manufacturing sector came in at 50.7 in December, moving the index off its 2012 low of 49.5 in November. The index is compiled from a survey of manufacturing supply managers, and any number above 50 indicates the sector is growing.

The December expansion marked only the third time the sector grew in the last seven months.
New manufacturing orders grew for the fourth consecutive month, even though some respondents worried about tax implications in the new year and global economic conditions.
"We are seeing stabilization of orders and costs as well as production capacity for the first time in months," one of the manufacturers, interviewed for the survey, said.

via CNN

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Alfonso Esparza

Alfonso Esparza

Senior Currency Analyst at Market Pulse
Alfonso Esparza specializes in macro forex strategies for North American and major currency pairs. Upon joining OANDA in 2007, he established the MarketPulseFX blog and he has since written extensively about central banks and global economic and political trends. Alfonso has also worked as a professional currency trader focused on North America and emerging markets. He holds a finance degree from the Monterrey Institute of Technology and Higher Education (ITESM) and an MBA with a specialization on financial engineering and marketing from the University of Toronto.
Alfonso Esparza