The Markit’s gauge of manufacturing activity released today in the US showed the
activity improved to six-month high on the back of a faster rise in output, new
orders and employment levels.
The final seasonally adjusted Markit US
Manufacturing Purchasing Managers’ Index (PMI) printed at 54.1 in October; up
from 53.1 in September.
New export sales continued to rise at only a
modest pace in October, with the latest rise in the work from abroad being the
fastest since September 2014. Employment growth rebounded from the 27-month low
recorded during September.
Input costs continued to drop on lower
commodity prices, while manufacturers indicated that their factory gate charges
rose only fractionally.
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