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News Link • Economy - Economics USA

US Manufacturing Growth Slows In August, Remains Near 34 Month Low

• http://www.businessinsider.com, Eric Platt
 Manufacturing in the United States continued at a tepid growth rate in August, new data out of Markit Economics shows.

The headline index fell 40 basis points to 51.5 during the month, below preliminary reports for a 51.9 reading.

New orders and output improved during the month, both at 51.9. However, export orders remained in negative territory, at 48.8.
 

ORIGINAL:

Minutes away from the first major data point of the week: U.S. PMI.

The reading, from research firm Markit Economics, is expected to remain in line with a preliminary reading of 51.9 released earlier this month.

At that level, it would represent moderate growth in the country's manufacturing sector — a report above 50 indicates expansion.

The release is scheduled for 8:58 a.m. ET.

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