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Markit Final Index of U.S. Manufacturing Fell to 51.4 in July

Aug. 1 (Bloomberg) -- The Markit Economics final index of U.S. manufacturing decreased to 51.4 in July from 52.5 a month earlier, the London-based group said today.

A reading above 50 in the purchasing managers’ measure indicates expansion. The final figure compares with an initial reading of 51.8.

The European debt crisis and slower growth in China and Brazil may limit demand for U.S. goods. At the same time, American consumers are slowing their spending and businesses are tempering equipment purchases.

The industry has weakened across the globe. U.K. manufacturing shrank last month by the most in more than three years, another report today showed. An index of factory output, based on a survey by Markit and the Chartered Institute of Purchasing and Supply fell to 45.4 from a revised 48.4 in June, Markit said.

Euro-area manufacturing contracted for a 12th month in July, according to a separate report today. A gauge of manufacturing in the 17-nation region fell to a 37-month low of 44 from 45.1 in June.

In China, a measure of manufacturing dropped in July to an eight-month low. The Purchasing Managers’ Index unexpectedly fell to 50.1 in July from 50.2 a month earlier, according to the Beijing-based National Bureau of Statistics and China Federation of Logistics and Purchasing.

Markit’s purchasers figure is based on replies from about 85 percent to 90 percent of those American manufacturers who respond to the poll of the more than 600 companies surveyed.

The gauge of U.S. manufacturing debuted in May. The company surveys purchasing managers in more than 30 countries and regions, including Europe and China.

To contact the reporter on this story: Lorraine Woellert in Washington at lwoellert@bloomberg.net

To contact the editor responsible for this story: Christopher Wellisz in Washington at cwellisz@bloomberg.net

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