US: ISM Manufacturing PMI beats consensus and rises to 50.7 in December

FXstreet.com (Barcelona) - Market consensus was already pointing to a change in momentum in the manufacturing sector, expecting a rise from contractionary 49.5 to expansionary 50.3 in December. However, like the Markit figure released previously, actual data beat expectations and rose to 50.7.

Prices Paid rose from 52.5 to 55.5, surprising analysts that were predicing a "slower" figure, at 51.5.