Markit September Flash PMI Unchanged
Bill Pugliano/Getty Images
Markit's flash reading on manufacturing PMI for September came in at 57.9.
This reading is in-line with expectations, which were for 58.0, up slightly from 57.9 last month.
In a release, Markit said, "At 57.9 in September, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index remained well above the neutral 50.0 value, to indicate a robust improvement in overall operating conditions across the manufacturing sector. Moreover, the headline Manufacturing PMI index - which is designed to signal changes in prevailing business conditions in the U.S. manufacturing sector - held at the same level as August's 52-month high."
Markit's chief economist Chris Williamson said, "The flash PMI signaled another month of impressive growth of the US manufacturing economy. The third quarter as a whole has seen the strongest expansion since the sector began to recover from the financial crisis."
This chart from Markit shows the last several years of PMI readings.
Markit
- Tesla tells some laid-off employees their separation agreements are canceled and new ones are on the way
- Taylor Swift's 'The Tortured Poets Department' is the messiest, horniest, and funniest album she's ever made
- One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
- The Future of Gaming Technology
- Stock markets stage strong rebound after 4 days of slump; Sensex rallies 599 pts
- Sustainable Transportation Alternatives
- 10 Foods you should avoid eating when in stress
- 8 Lesser-known places to visit near Nainital