US Factory Growth Lowest since 2017: Markit


The IHS Markit US Manufacturing PMI fell to 53.7 in february of 2019 from 54.9 in January and below market expectations of 54.7, preliminary estimates showed. The reading pointed to the slowest growth in factory activity since September of 2017, amid soft client demand, partly linked to uncertainty across manufacturing supply chains and concerns about the global trade outlook. There were also some reports that adverse weather conditions had disrupted production schedules in February.

Despite a slowdown in production and new order growth, latest data signalled another solid upturn in manufacturing employment. Moreover, input buying continued to rise at a relatively strong pace in February, which added to signs that manufacturers remain firmly in expansion mode. 

Meanwhile, input price inflation eased for the fourth month running and reached its lowest since August 2017. Survey respondents still noted that trade tariffs had pushed up the cost of imported materials, although there were some reports that prices charged by domestic steel producers had begun to moderate.

US Factory Growth Lowest since 2017: Markit


Markit | Joana Taborda | joana.taborda@tradingeconomics.com
2/21/2019 2:51:24 PM