Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

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.

 

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

June 23 14:30 UTC Released

USECRI Weekly Annualized*

Actual

3.4 %

Forecast

Previous

3.7 %

June 23 14:30 UTC Released

USECRI Weekly Index*

Actual

143.7 %

Forecast

Previous

144.0 %

June 26 08:00 UTC 18201820m

GBIfo Expectations*

Actual

Forecast

Previous

106.5 k

June 26 08:00 UTC 18201820m

DEIfo Business Climate*

Actual

Forecast

114.4 bln BRL

Previous

114.6 bln BRL

June 26 08:00 UTC 18201820m

DEIfo Expectations*

Actual

Forecast

106.4 %

Previous

106.5 %

June 26 08:00 UTC 18201820m

DEIfo Current Conditions*

Actual

Forecast

123.3 mln

Previous

123.2 mln

June 26 08:30 UTC 18501850m

GBIfo Expectations*

Actual

Forecast

Previous

40.750 k

June 26 08:30 UTC 18501850m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

40.750 k

June 26 11:00 UTC 20002000m

BRBBA Mortgage Approvals

Actual

Forecast

Previous

84.2 k

June 26 11:00 UTC 20002000m

RUFGV Consumer Conf*

Actual

Forecast

Previous

84.2 %

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.