MISS: US PMI FALLS TO 54.3
Boeing
The headline index fell to 54.3 from the flash estimate of 55.2 published by Markit earlier this month.
Anyt reading above 50 indicates expansion, though, and 54.3 represents a moderate pace of growth.
However, the new export orders sub-index, the main driver behind the decline, indicated contraction in February, falling to 48.5 from last month's 51.5 reading. So, it looks like exports took a hit.
The sub-index for all new orders fell to 55.4 from 57.4 last month, and the employment sub-index fell to 53.5 from 55.6, indicating a slowing but still moderate pace of expansion.
Below is a full breakdown of the sub-indices:
Click here for the full release >
----------------
ORIGINAL: Heads up: U.S. manufacturing data kicks off in just a few minutes – at 8:58 AM ET – with the release of Markit's final U.S. PMI reading, which is expected to match the flash estimate of 55.2 released earlier this month.
Last month, the index clocked in at 55.8, and economists predicted the flash estimate would only sink to 55.5.
However, 55.2 is still well above 50, indicating moderate expansion in U.S. manufacturing.
We will have the full release LIVE at 8:58 AM ET. Click here to refresh for the latest >
- A couple accidentally shipped their cat in an Amazon return package. It arrived safely 6 days later, hundreds of miles away.
- A centenarian who starts her day with gentle exercise and loves walks shares 5 longevity tips, including staying single
- 2 states where home prices are falling because there are too many houses and not enough buyers
- "To sit and talk in the box...!" Kohli's message to critics as RCB wrecks GT in IPL Match 45
- 7 Nutritious and flavourful tiffin ideas to pack for school
- India's e-commerce market set to skyrocket as the country's digital economy surges to USD 1 Trillion by 2030
- Top 5 places to visit near Rishikesh
- Indian economy remains in bright spot: Ministry of Finance