US: Markit Manufacturing PMI falls to 59.2 (final) in April vs 59.7 flash estimate

Joel Frank Independent Analyst

According to the final version of IHS Markit's April Manufacturing Purchasing Managers Index (PMI) survey, the headline index fell a little to 59.2 versus the flash estimate of 59.7. That suggests that the pace of expansion in US manufacturing remained broadly robust in April. The headlines manufacturing index was 58.8 in March.

The final Output Index for April was revised a little higher to 57.6 versus the flash reading of 57.4, while the final Output Prices Index for April was revised a little lower to 76.3 from the flash reading of 78.4, though still sharply higher than March's reading of 69.7.

Market Reaction

FX markets did not react to the latest did, with attention instead on the release of ISM's Manufacturing PMI survey at 1500BST.

Author

Joel Frank

Independent Analyst

Joel Frank is an economics graduate from the University of Birmingham and has worked as a full-time financial market analyst since 2018, specialising in the coverage of how developments in the global economy impact financial asset

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