16 Dec 2014
US manufacturing PMI declines in December
FXStreet (London) - The seasonally-adjusted Markit Flash US Manufacturing Purchasing Managers’ Index declined to 53.7 in December, down from 54.8 in November and the lowest reading for 11 months.
According to the Markit report, US manufacturing output and new orders continued to rise at a solid pace in December, but both rates of expansion eased to the weakest for 11 months. The latest survey also highlighted a moderation in job creation and input buying growth across the manufacturing sector. Meanwhile, goods producers benefitted from a slowdown in cost inflation to its lowest since April 2013, reflecting falling commodity prices and oil-related costs.
Markit reported a solid rise in new business received by US manufacturing companies, but that the pace of expansion eased fractionally since November and was the least marked for 11 months. The report stated that manufacturers commented that greater uncertainty about the economic outlook had resulted in softer client spending patterns.
According to the Markit report, US manufacturing output and new orders continued to rise at a solid pace in December, but both rates of expansion eased to the weakest for 11 months. The latest survey also highlighted a moderation in job creation and input buying growth across the manufacturing sector. Meanwhile, goods producers benefitted from a slowdown in cost inflation to its lowest since April 2013, reflecting falling commodity prices and oil-related costs.
Markit reported a solid rise in new business received by US manufacturing companies, but that the pace of expansion eased fractionally since November and was the least marked for 11 months. The report stated that manufacturers commented that greater uncertainty about the economic outlook had resulted in softer client spending patterns.