Steel Products
August 22, 2013
Flash PMI at Five Month High
Written by Sandy Williams
The Markit Flash U.S. Manufacturing PMI hit a five month high in August. The PMI registered 53.9 up from 53.7 in July indicating moderate growth in the manufacturing sector.
New orders increased in August attributed to better demand. Export orders continued to rise this month but softened from July levels. Production output rose slightly in August but at a slower pace than previously this year. Inventory levels dropped at the strongest pace since 2009.
