US Flash PMI Signals Growth In Manufacturing
Tweet
Share
E-mail
U.S. Flash PMI hit at a three month low in May, according to a new data released issued by Mark-it Economics. The Flash PMI number came in at 53.9 falling from 56 in April, but still above 50, which signals solid manufacturing growth, albeit at a slowing pace.
"Irrespective of the slow down in May, manufacturing remains a bright spot in the otherwise lackluster global picture", said analysts at Markit. "However unless demand picks up, the slowdown may continue into June, and payroll growth will suffer as a result."
"Irrespective of the slow down in May, manufacturing remains a bright spot in the otherwise lackluster global picture", said analysts at Markit. "However unless demand picks up, the slowdown may continue into June, and payroll growth will suffer as a result."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Natural Gas Inventory 36 bcf vs 31 bcf Expected
- CPI (Jul YoY) 3.4% vs 3.4% Expected; Core 2.5% vs 2.5%
- Existing Home Sales (Jul) 4.06M vs 4.05M Expected
Create E-mail Alert Related Categories
Economic DataSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
