NEW YORK (Reuters) – Growth the manufacturing sector against all odds slowed in August in the US to achieve its slowest pace in nearly two years, according to Markit of directors shopping (PMI) published Friday.
In the first estimate, the index stood at 52.9 in August, the lowest since October 2013.
s’ registered a decrease compared to the figure of 53.8 calculated in July, while economists polled by Reuters on average had forecast a rise to 54.0.
However, it remains above the 50 threshold that distinguishes growth and contraction.
The employment component also declined, from 53.8 in July to 52.2 this month, the lowest since July 2014.
“The August survey highlights a lack of momentum of growth and low pressure on prices which could fuel the arguments of the ‘doves’ when decision-makers (the Federal Reserve, ed) will discuss with a possible tightening of monetary policy in September, “observes Tim Moore, economist at Markit.
It also notes that, according to the survey participants, the stronger dollar continued to weigh on exports and competitiveness, while increased uncertainty about global growth appears to have slowed in both US consumer demand and those from abroad.
The component of the production of Meanwhile fell to the lowest since January 2014, from 55.3 last month to 53.7 in August
The US indicators in real time
(Sam Forgione. Myriam Rivet for the French service, edited by Marc Angrand)
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