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Weakest upturn in U.S. manufacturing since September 2009

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Staff writer ▼ | April 23, 2016
At 50.8 in April, down from 51.5 in March, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers’ Index (PMI) signalled the weakest upturn in overall business conditions since September 2009.
U.S. manufacturing
USA   Markit Flash U.S. Manufacturing PMI
The flash PMI index, which is based on approximately 85% of usual monthly survey replies, was only marginally above the crucial 50.0 no-change threshold. As a result, the headline figure was slightly weaker than the previous post-crisis low recorded in October 2012 (51.0).

Softer rates of manufacturing output and new business growth, alongside a weaker rise in staffing numbers, were the main factors weighing on the headline PMI figure during April.

The latest upturn in production levels was only fractional and the slowest recorded by the survey since the recovery began in October 2009.

Manufacturers cited generally subdued demand conditions, delays to spending decisions among clients and ongoing weakness within the energy sector.