U.S. manufacturing PMI missed at 52.8.
Consensus was for 53.1.
August had come in at 53.1.
New order growth hit a five-month low.
Employment expanded, but at a slower rate.
Output and output prices were the only indicators showing accelerations.
Here’s the chart:
Despite this latest reading, we’ve actually seen mostly green out of the last few day’s global PMI prints.
You’ll also want to stay tuned for ISM manufacturing at 10 am.