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ECON: Markit PMI Rises Slightly From Preliminary Reading
Posted to: Micro News
Wednesday, January 2, 2013 9:09 AM
- 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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