Economics

Markit U.S. Manufacturing Index Fell to 55.5 in March From 57.1

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The Markit Economics preliminary index of U.S. manufacturing decreased to 55.5 in March from 57.1 a month earlier, the London-based group said today.

A reading above 50 indicates expansion. This month’s reading was the second-highest since January 2013. The median forecast in a Bloomberg survey of 19 economists was 56.5, with estimates ranging from 54 to 58.