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United States Manufacturing PMI

Discussion in 'Market News' started by Jonathan, Oct 9, 2015.

  1. Jonathan

    Jonathan Forum Member

    Aug 29, 2015
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    At 53.1 in September, the final headline seasonally adjusted Markit U.S. Manufacturing Purchasing Managers’ Index™ (PMI™) was up only fractionally from August’s 22-month low of 53.0. Although still above the neutral 50.0 threshold, the latest reading was one of the lowest recorded over the past two years, thereby indicating a relatively subdued improvement in overall business conditions in September. Both output and new business volumes continued to expand at slower rates than those seen earlier in 2015, which contributed to a marked slowdown in job creation during the latest survey period. A renewed fall in input prices provided support to operating margins in September. That said, factory gate charges were unchanged over the month, which ended a three-year period of sustained output price inflation, Markit said. Manufacturing PMI in the United States averaged 54.15 from 2012 until 2015, reaching an all time high of 57.90 in August of 2014 and a record low of 51 in November of 2012. Manufacturing PMI in the United States is reported by Markit Economics. In the United States, the Markit Manufacturing Purchasing Managers’ Index measures the performance of the manufacturing sector and is derived from a survey of 600 industrial companies. The Manufacturing Purchasing Managers Index is based on five individual indexes with the following weights: New Orders (30 percent), Output (25 percent), Employment (20 percent), Suppliers’ Delivery Times (15 percent) and Stock of Items Purchased (10 percent), with the Delivery Times index inverted so that it moves in a comparable direction. A reading above 50 indicates an expansion of the manufacturing sector compared to the previous month; below 50 represents a contraction; while 50 indicates no change. This page provides the latest reported value for - United States Manufacturing PMI - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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