US Manufacturing PMI Shows Solid Expansion, Led by Large Companies; Expect "Measured Pace" Tapering
January 2, 2014Spread the love
PMI rises to 11 – month high, indicating solid improvement in business conditions Output supported by strong increase in new orders Employment growth quickens to nine – month high Input price pressures intensifies Summary Business conditions in the U.S. manufacturing sector improved at the fastest rate since January, according to the final December Markit U.S. Manufacturing Purchasing Managers’ Indexâ„¢ (PMIâ„¢).
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US Manufacturing PMI Shows Solid Expansion, Led by Large Companies; Expect "Measured Pace" Tapering
