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ECON: Markit PMI Shows December Off To Stronger Start
Posted to: Micro News
Friday, December 14, 2012 9:10 AM
- PMI rises to eight-month high and signals solid improvement in business conditions
- Strongest rates of output and new order growth since April
- Solid rate of job creation
- Input price inflation remains sharp
At 54.2, the Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) signalled a solid improvement in U.S. manufacturing business conditions during December. Up from 52.8 in November, the ‘flash’ PMI reading, which is based on around 85% of usual monthly replies, indicated the strongest rate of growth for eight months.
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