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ECON: Markit PMI Rises Slightly From Preliminary Reading
Posted to: Micro News
Wednesday, January 02, 2013 9:09 AM

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- PMI 54.0 vs 54.2 preliminary , 52.8 November Final
- PMI highest since May on Final basis.
- Employment Index highest since April

The final Markit U.S. Manufacturing Purchasing Managers’ Index was 54.0 in December, down slightly from the flash estimate of 54.2, and signalled a further expansion of the U.S. manufacturing sector. Moreover, up from 52.8 in November, the headline PMI indicated the strongest rate of growth since May.

PMI index readings above 50.0 signal an increase or improvement on the prior month, while readings below 50.0 indicate a decrease. Manufacturing output increased at the strongest rate in seven months during December.

The rate of growth was solid, albeit weaker than that previously estimated by flash PMI data. All three market groups saw higher levels of production, with manufacturers of intermediate goods posting the strongest rate of increase overall.




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