At 56.3 in July, down from 57.3 in June, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers’ Index™ (PMI™) signalled the slowest improvement in overall manufacturing business conditions for three months. PMI readings above 50.0 signal an improvement in business conditions, while readings below 50.0 signal deterioration. The latest survey indicated that manufacturing production growth eased in July, after reaching its strongest pace for over four years in June. Nonetheless, the output index reading in July (60.4) was well above the 50.0 no-change mark and still pointed to an historically ... (full story)