🇺🇸❗️U.S. ISM Mfg Prices Paid Rebound In January: Cable FX Macro

• U.S. January gauge of manufacturing activity fell further to 47.4 from the prior 48.4, the figure came in lower than the survey median of 48.0

• January marked the third consecutive month of sub-50 prints, readings below the threshold mean the sector is in contraction

• The largest declines were recorded in inventories and new orders

• The prices paid index rebounds to 44.5 from a prior 39.4, this was above the forecast of 40.4. January prices paid index records the firs rise in about a year.