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Markit manufacturing PMI falls

Akin OyedeleDec 16, 2015, 20:15 IST

Markit's flash manufacturing PMI came in at 51.3 for December.

Economists had estimated, according to Bloomberg, that Markit's flash manufacturing PMI was 52.6.

Markit Economics' previous report confirmed that the manufacturing sector was still reeling from the effects of a strong dollar and low oil prices. The sector contracted in five out of the first ten months of the year, indicated by a reading below 50.

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