US: Manufacturing PMI registered 53.3 in July, up from 52.0 in June - Markit

Eren Sengezer FXStreet

"The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers’ Index (PMI) registered 53.3 in July, up from 52.0 in June to signal a further improvement in the health of the sector," Markit announced on Tuesday.

Key highlights:

Notably, the latest improvement in operating conditions was solid and the strongest in four months
Production at US manufacturers increased for the fourteenth month running in July
New orders received by US manufacturing firms grew at a solid pace, recovering from the nine-month low seen in June
Notably, the latest expansion in staffing levels was the strongest in five months

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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