April survey data from Markit indicated a loss of momentum in the U.S. manufacturing economy, following a strong end to the first quarter of 2015. Output and new orders increased at slower rates and new export business declined for the first time since November, partly linked to the strong dollar. The currency also generated downward pressure on import prices, and average input costs at manufacturers fell for the fourth month running as a result. That said, the underlying strength of business conditions remained solid, with backlogs and employment both rising further. The seasonally adjusted final Markit U.S. ... (full story)