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22 Mar 2016
US flash manufacturing PMI missed estimate
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
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