ECONOMICS COMMENTARY
Jul 24, 2014
US manufacturing growth holds close to four-year peak
At 56.3 in July, down from 57.3 in June, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index" (PMI") signalled the slowest improvement in overall manufacturing business conditions for three months. PMI readings above 50.0 signal an improvement in business conditions, while readings below 50.0 signal deterioration.
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