US flash manufacturing PMI missed estimate

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Mar 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    At 51.4, the seasonally adjusted Markit Flash US Manufacturing Purchasing Managers’ Index (PMI) was up fractionally from 51.3 in February, but below the estimate of 51.9.

    Key points

    Manufacturing production growth picked up from the 28-month low recorded in February

    New work from abroad was unchanged in March, following a marginal decline during the previous month

    Latest survey highlighted a modest rebound in manufacturing job creation from February’s five-month low

    Manufacturers’ average cost burdens dropped for the seventh month running
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