Markit US Manufacturing PMI rises to 6-month high in October
FXStreet (Mumbai) – The Markit’s gauge of manufacturing activity released today in the US showed the activity improved to six-month high on the back of a faster rise in output, new orders and employment levels.
The final seasonally adjusted Markit US Manufacturing Purchasing Managers’ Index (PMI) printed at 54.1 in October; up from 53.1 in September.
New export sales continued to rise at only a modest pace in October, with the latest rise in the work from abroad being the fastest since September 2014. Employment growth rebounded from the 27-month low recorded during September.
Input costs continued to drop on lower commodity prices, while manufacturers indicated that their factory gate charges rose only fractionally.
The Markit’s gauge of manufacturing activity released today in the US showed the activity improved to six-month high on the back of a faster rise in output, new orders and employment levels.
(Market News Provided by FXstreet)