1:15 p.m.
Saturday, 17 February 2018

PMI signals slowest manufacturing expansion since December 2010

Los Angeles, California, July 24.- The July Markit Flash U.S. Manufacturing Purchasing Managers’ Index™ (PMI™)1 indicated the weakest improvement in U.S. manufacturing sector business conditions in 19 months, according to the preliminary ‘flash’ reading which is based on around 85% of usual monthly replies. At 51.8, down from 52.5 in June, the headline index was the second-lowest since the manufacturing recovery was first signalled by the PMI in late-2009 (only December 2010 saw a weaker PMI reading).

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 in July, rising for the thirty-fourth consecutive month. However, production rose only modestly, with the rate of growth slowing for a fourth successive month to a 12-month low.


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