PMI Comes In Just Below Expectations At 51.3

Michigan factory

Photo: Bill Pugliano/Getty Images

Flash PMI is out. The reading came in at 51.3 versus consensus estimates of 51.5. That’s still a bit higher than last month’s reading of 51.1.However, input prices really led the gains – that sub-index rose to 57.6 from 52.8 last month.

That marks the strongest rate of input price inflation in six months.

Quantity of purchases got a nice boost too, rising to 51.7 from 50.7 last month.

Here are the sub-indices:

Photo: Markit

And here’s the trend:

Flash PMI October trend

Photo: Markit

The full release from Markit is here >

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