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Friday, March 24, 2017

US March prelim Markit services PMI 52.9 vs 54.0 expected

  • Prior was 53.8
  • Manufacturing PMI 53.4 vs 54.8 expected
  • Prior manufacturing was 54.2
  • Composite index 53.2 vs 54.1 prior
A few highlights of the details:
  • Manufacturing index at lowest since October
  • Employment component of the manufacturing index at lowest since August
  • Manufacturing output 54.4 vs 55.6 prior
  • Services new business index at lowest since 51.8 vs 53.6 prior
  • Composite new orders 52.4 vs 54.1 prior
The one idea that's getting a bit of traction is that businesses are optimistic after Trump and

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