US Factory Activity Growth Slows: Markit


The Flash Markit US Manufacturing PMI decreased to 54.3 in February of 2017 from a near 2-year high of 55 in January. Figures came below market expectations of 55.3, mainly due to softer output and new order growth.

Despite a slowdown since January, the latest survey indicated that new order growth remained faster than at any other time since March 2015. This was driven by strong sales to domestic clients, which helped offset weaker growth in export markets during February. A number of manufacturers commented on greater demand from energy sector clients.

Meanwhile, manufacturers signaled that input cost inflation was at its highest level since September 2014. This was linked to increased prices for a range of raw materials, particularly metals and oilrelated inputs. However, factory gate price inflation was only marginal and slipped to a three-month low in February, thereby suggesting a continued squeeze on operating margins. 

US Factory Activity Growth Slows: Markit


Markit | Joana Taborda | joana.taborda@tradingeconomics.com
2/21/2017 2:56:07 PM