Markit Final February Index of U.S. Manufacturing Fell to 54.3Alex Kowalski
The Markit Economics final index of U.S. manufacturing decreased to 54.3 in February from 55.8 a month earlier, the London-based group said today.
A reading above 50 for the purchasing managers’ measure indicates expansion. The preliminary reading was 55.2.
Markit’s purchasers figure is based on responses from about 85 percent to 90 percent of companies in a poll of more than 600 American manufacturers.
The Markit gauge of U.S. manufacturing debuted in May 2012. The company surveys purchasing managers in more than 30 countries and regions, including Europe and China.
Chinese manufacturing cooled in February, according to a gauge from HSBC Holdings Plc and Markit. The index fell to a four-month low of 50.4 from a January reading of 52.3.