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ECON: Markit PMI Slightly Lower Than Expected, Output Higher
Posted to: Micro News
Thursday, February 21, 2013 9:05 AM

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- Manufacturing PMI at 55.2 vs 55.5 Consensus
- Output at 58.1 vs 56.8 Consensus

  • Strongest rise in output since March 2011
  • New order growth remains strong, but slower than January
  • Job creation at three-month low
  • Input price inflation slows, but remains strong
  • Data collected 12–20 February.
The Markit Flash U.S. Manufacturing Purchasing Managers’ Index signaled further expansion of the U.S. manufacturing sector in February, although the rate of growth slowed slightly on January’s nine -month peak. At 55.2, down from 55.8, the ‘flash’ PMI reading, which is based on around 85% of usual monthly replies, continued to suggest a strong improvement in overall manufacturing business conditions.



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