Markit April US manufacturing PMI 52.8 vs 53.8 expected

• Prior was 53.3
• Services PMI 52.5 vs 53.2 exp
• Prior services PMI 52.8
• Composite PMI 52.7 vs 53.0 prior

This is a touch on the weak side, which goes against yesterday's stronger Philly Fed. That said, the Richmond, Dallas and KC surveys were all weaker than the priors so it's not a big surprise.


Services details:

• Employment 50.8 vs 51.8 prior (lowest since July 2010)
• New orders 52.5 vs 52.3 prior

Manufacturing details:

• Output 53.4 vs 54.3
• New orders 53.7 vs 54.8 prior

On the composite, the employment index was the lowest since February 2010