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US Markit flash manufacturing PMI slips to three-year low in December

 

The Markit US manufacturing PMI slipped to 51.3 in the flash December reading (previous: 52.8), below consensus expectations (52.6). it is the weakest reading since October 2012. Output declined to 52.7 (previous: 54.8) and new orders remained above neutral at 50.5 (previous: 53.1).

Employment, on the other hand, rose to 53.0 from 52.7 last month. New export orders ticked up to 50.5 (previous: 49.4) and is in line with the prior three-month trend. Apart from input prices, stocks of purchases and work backlogs, all of the survey components printed above the 50 mark in December.

"The relatively short history of the Markit series, we expect greater weight on the ISM manufacturing index while assessing national manufacturing trends. The recent decline in the Markit PMI mirrors the slump that the ISM index registered a few months earlier. On balance, this morning's release does little to alter our outlook for the manufacturing sector", says Barclays.

 

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August 20 23:00 UTC Released

JPReuters Tankan DI

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27 %

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Previous

26 %

August 20 21:00 UTC Released

KRPPI Growth MM*

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0.1 %

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-0.4 %

August 21 08:30 UTC 132132m

ID7-Day Reverse Repo*

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6.278 %

August 21 08:30 UTC 132132m

IDDeposit Facility Rate*

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18.283 %

August 21 12:30 UTC 372372m

IDLending Facility Rate*

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0.9 %

August 21 12:30 UTC 372372m

DEZEW Economic Sentiment*

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0.13 %

August 21 12:30 UTC 372372m

USNational Activity Index*

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0.13 %

August 21 12:30 UTC 372372m

CAWholesale Trade MM

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-0.4 %

Previous

0.9 %

August 21 14:30 UTC 492492m

TRReuters Tankan DI

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811.8 Bln TRY

August 21 14:30 UTC 492492m

DEZEW Current Conditions*

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811.8 Bln TRY

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