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US manufacturing weakens in August: Markit

by ChemOrbis Editorial Team -
  • 21/08/2015 (17:49)
US manufacturing activity slowed in August to post the lowest level since October 2013, according to data reported by Markit Economics. Markit’s manufacturing index fell to a reading of 52.9 in August from a level of 53.8 in July. Any reading above 50 indicates expansion. Markit’s latest reading for August also missed initial estimates, which called for a reading of 53.8.

New orders and employment, meanwhile, both expanded in August, although at slower rates compared with the previous month.
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