Here comes Markit manufacturing PMI ...
Advertisement
AP
Advertisement
According to Bloomberg, economists forecast that the purchasing manager's index was unchanged at 51.5. A reading above 50 would indicate that the sector is still in expansion.
In September, the PMI rebounded from a contractionary reading of 49.4 - the first slip into that territory since February. Some respondents to Markit's survey reported a rise in domestic and international sales, with some customers buying ahead of anticipated price increases.
The manufacturing sector has not yet fully recovered since the dollar's rise and soft global demand crushed it last year.
Advertisement
Advertisement
- US buys 81 Soviet-era combat aircraft from Russia's ally costing on average less than $20,000 each, report says
- 2 states where home prices are falling because there are too many houses and not enough buyers
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- Markets rebound in early trade amid global rally, buying in ICICI Bank and Reliance
- Women in Leadership
- Rupee declines 5 paise to 83.43 against US dollar in early trade
- Election Commission issues notification for sixth phase of Lok Sabha polls
- 6 Coffee recipes you should try this summer