Markit's Flash U.S. PMI Shows Expansion Weakening

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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.

Component Indices:

• 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 Expectations
    
  • 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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