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Friday, April 21, 2017

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

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