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23 Nov 2015
US manufacturing PMI drops to its weakest in 25 months
FXStreet (Mumbai) - The Markit's flash US manufacturing purchasing manager's index (PMI) for November came in at 52.6, the lowest level in 25 months.
The economists were expecting the index to drop to 53.9 from October’s 54.1. The official report says the index measuring new orders from abroad dipped back inside negative territory in November. Average cost burdens fell for the third month running. Factory gate charges increased only fractionally in November, and the rate of output charge inflation remained well below the long-run survey average.
Key points
Output 54.6 vs 55.6 prior
Employment 51.9 vs 53.2 prior
New orders 53.1 vs 55.6 prior
The economists were expecting the index to drop to 53.9 from October’s 54.1. The official report says the index measuring new orders from abroad dipped back inside negative territory in November. Average cost burdens fell for the third month running. Factory gate charges increased only fractionally in November, and the rate of output charge inflation remained well below the long-run survey average.
Key points
Output 54.6 vs 55.6 prior
Employment 51.9 vs 53.2 prior
New orders 53.1 vs 55.6 prior