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ECONOMICS COMMENTARY
Jun 23, 2014
The US manufacturing PMI points to strongest improvement in overall business conditions since May 2010
June data pointed to a robust and accelerated improvement in the performance of the U.S. manufacturing sector. At 57.5 in June, up from 56.4, the seasonally adjusted Markit Flash U.S. Manufacturing Purchasing Managers' Index" (PMI") indicated the strongest upturn in overall business conditions since May 2010. The latest rise in the headline PMI was driven by the fastest output and new orders growth for just over four years.
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