Markit manufacturing PMI stays unchanged
The latest flash reading of US manufacturing activity from Markit Economics was 53, unchanged at a 22-month low.
Markit chief economist Chris Williamson noted the survey showed that manufacturing growth was at the weakest level in nearly two years, and that was likely to be a drag on third-quarter growth.
"Manufacturing remained stuck in crawler gear in September, fighting an uphill battle against the stronger dollar, slumping demand in many export markets and reduced capital spending, especially by the energy sector," Williamson said in the release.
Economists had estimated a flash Purchasing Manager's Index reading of 52.8.
More to come ...
- T20WC broadcasters announce special feed for hearing and visually impaired fans
- Motorola Edge 50 Fusion with 144Hz pOLED display, 5,00mAh battery launched starting at ₹22,999
- Today's Silver Prices (May 16, 2024): Updates for Mumbai, Delhi, Kolkata, Bengaluru, Chennai, and other Indian cities
- Bridgerton season 3 will be out on Netflix India today! Here’s everything you need to know about the popular period drama
- With over one lakh fresh jobs, hotel industry could revitalise Indian job market in the next 18 months: Report