US PMI fell to 53.1 in August.
Analysts expected a reading of 54.0, against 53.7 prior.
“The PMI was
consistent with a moderate improvement in overall
manufacturing business conditions,” Markit said.
Employment, output, and new orders all ticked higher.
Deutsche Bank is out with a note today saying they expect U.S. PMI to accelerate. They revised their GDP forecast up to 2.5% from 1.7%.