U.S. PMI Posts a 0.1% Gain Over Flash Estimates

“Markit’s April U.S. manufacturing PMI survey results are out.

The headline index came in at 52.1, slightly above the flash estimate of 52.0 published earlier this month, but down from March’s 54.6 reading.

Any reading above 50 on the index signals expansion, so the 52.1 reading in today’s release suggests that American manufacturing is still expanding, but at a markedly slower pace than in March.

The new orders sub-component of the index fell to 51.5 from March’s 55.4 reading. The output sub-component fell to 53.7 from 56.6, and the employment sub-component fell to 53.2 from 54.6.

Below is a complete breakdown of the sub-components from the release…”

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