Tue, 04 Sep 2012 18:23:26 GMT
U.S. manufacturing PMI lower than initial estimates
On Tuesday, Markit reported that its
final U.S. manufacturing PMI gained 0.1 point in August and reached
51.5. This is lower than initial estimates of 51.9 and indicates only
a slight improvement in manufacturing business conditions in the U.S.
Although it is still up from July's 51.4, the reading was one of
lowest since October 2009, when recovery in manufacturing sector was
first indicated.