The Markit Flash U.S. Manufacturing Purchasing Managersâ€™ IndexTM (PMITM)1 continued to signal only a modest improvement in U.S. manufacturing business conditions in August. The preliminary â€˜flashâ€™ PMI reading which is based on around 85% of usual monthly replies rose slightly from 51.4 in July to 51.9 and was the third-lowest since the manufacturing recovery was first indicated by the headline index in October 2009.
This morning Markit Economics released their US PMI Index. They outlined the following key points:
- Slight rise in the headline PMI index, but third- lowest reading in 35 months
- Growth of output and new orders remain modest
- Employment increases at slowest pace since December 2010
- Marginal falls in input and output prices
Download the PDF from Markit Economics
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