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U.S. Flash PMI Improves in October

October 24, 2012 @ 9:00 AM EST

by The "State" Team

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Economic Update: U.S. Flash PMI

Markit’s Flash U.S. Manufacturing PMI for October came in at 51.3, which was below the consensus estimate of 51.5 but above than the 51.1 reading from September (August: 51.9, July: 51.4, June: 51.8, May: 54.0, April: 56.0).

Recall that readings above 50 represent growth in the sector, while readings under 50 suggest contraction.

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