Markit US Manufacturing PMI rises to 6-month high in October

By FXStreet FXStreet (Mumbai) – The Markit’s gauge of manufacturing activity released today in the US showed the activity improved to six-month high on the back of a faster rise in output, new orders and employment levels.

The final seasonally adjusted Markit US Manufacturing Purchasing Managers’ Index (PMI) printed at 54.1 in October; up from 53.1 in September.

New export sales continued to rise at only a modest pace in October, with the latest rise in the work from abroad being the fastest since September 2014. Employment growth rebounded from the 27-month low recorded during September.

Input costs continued to drop on lower commodity prices, while manufacturers indicated that their factory gate charges rose only fractionally.
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Source:: FX Street