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Strong growth of US manufacturing output, supporting faster rise in employment
Strong rise in output, although the rate of increase eases to three-month low. Rate of job creation quickens in March. Input price inflation slowest since last September. Summary The final Markit U.S. Manufacturing Purchasing Managers’ Index™ (PMI™) 1 posted 54.6 in March, signalling a further improvement in overall U.S. manufacturing business conditions. The PMI was up from February’s 54.3 but down from the earlier flash estimate of 54.9, and consistent with a solid rate of expansion. The PMI averaged 54.9 in Q1 2013 as a whole and, up from 52.6 in Q4 2012, indicated the strongest quarterly performance in ... (full story)
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