Markit's Flash U.S. PMI Shows Expansion WeakeningJune 21, 2012 @ 9:12 AM EST
Economic Update: U.S. Flash PMI
Markit’s Flash (preliminary) reading for the June’s U.S. Manufacturing PMI came in at 52.9, which was well below the 54.0 reading from May (April: 56.0).
Markit reports that the PMI reading signals the weakest manufacturing expansion in 11 months.
- New Orders: 54.1 vs. May 54.6
- Employment: 53.1 vs. 54.3
- Input Prices: 47.2 vs. 52.7
Other stories on the US Economy to review:
Housing Starts Down But Permits Up Strong
UofM's Consumer Sentiment also Weak
Industrial Production and Capacity Utilization Below
Empire Manufacturing Disappoints in June
CPI Declines in May
Business Inventories Above Expectations in April
Retail Sales Fall Across Board in May
PPI Shows Inflation Fell at Producer Level in May
NFIB Small Business Optimism Pulls Back
ISM Non-Manufacturing Index Above Expectations
Some Good News: Employment Trend Index Moves Up
May Jobs Report Disappoints Big Time
ISM Report Shows Growth Slowing
- Q1 GDP Revised Lower
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- Housing Starts Down But Permits Up Strong