Markit Final Index of U.S. Manufacturing Fell to 52.5 in June
The Markit Economics final index of U.S. manufacturing decreased to 52.5 in June from 54 in May, the London-based group said today.
A reading above 50 in the purchasing managers’ measure indicates expansion. The final figure, based on a survey of more than 600 companies, compares with an initial reading on June 21 of 52.9.
The Markit gauge of U.S. manufacturing was released in May for the first time. The company surveys purchasing managers in more than 30 countries and regions, including Europe and China. Its euro-area manufacturing index held in June to 45.1, the 11th straight month of contraction. A gauge of China’s manufacturing fell to 48.2 last month from 48.4, HSBC Holdings Plc and Markit said.
Commerce Department figures last week showed U.S. orders for goods meant to last at least three years rose 1.1 percent in May, the first increase since February, easing concern that business investment in the world’s largest economy is faltering.
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