none

US manufacturing slows again

31-08-2010
by 
in 

 

Growth in the US manufacturing sector slowed in July to the second-weakest level since the country emerged from recession, according to a recent survey.

The Markit flash US manufacturing purchasing managers index dropped to 51.8 from 52.5 in June, which is the worst level since December 2010 and second-worst since late 2009. Any readings above 50 indicate an improvement from the prior month.

The flash index is based on 85 per cent to 90 per cent of typical monthly responses and released about a week ahead of the final data.

Though the index isn’t as widely followed as the similarly constructed Institute for Supply Management’s manufacturing gauge, the data nonetheless help confirm the slowdown which the ISM results have been showing.

The output index dropped to 52.2 from 53.4 in June, and the new-orders index fell to 51.9 from 53.7, with the new-export orders staying in contraction territory at 48.2 from 48.3.

One small bit of good news came from employment, which edged up to a 52.9 from a 52.8 reading.

“The US manufacturing sector is clearly struggling under the pressure from falling exports, which showed the first back-to-back monthly decline for almost three years in July,” said Chris Williamson, chief economist at Markit, in a statement.

Much of the export weakness stems from the euro-zone debt crisis and slowing activity in China.

Related news & editorials

  1. 18.06.2018
    18.06.2018
    by      In
    Queensland-based electronics design and manufacturing company, Hetech, is collaborating with selected local engineering companies to increase its design capacity of up to 20 engineers.
    With defence projects such as the LAND400: Phase 2 arriving in Queensland, collaboration between local engineers... Read More
  2. 15.06.2018
    15.06.2018
    by      In
    The NRMA has chosen Australian-made electric vehicle chargers from Brisbane-based Tritium to equip its $10 million network planned for New South Wales and the ACT. The network, which will be the largest in Australia, will comprise 40-plus charging stations that will be free to use for NRMA members... Read More
  3. 14.06.2018
    14.06.2018
    by      In
    Australia’s Collins Class submarine fleet is set to receive significant sonar upgrades this year in a project led by Raytheon Australia and Thales Australia.
    In announcing the commencement of the upgrade programme, Minister for Defence Industry, the Hon Christopher Pyne MP, said that as the... Read More
  4. 14.06.2018
    14.06.2018
    by      In
    Australian-founded Ainsworth Game Technology has expanded globally since being established in 1995, today representing the fifth-largest gaming manufacturer in the USA. The company boasts a new state-of-the-art US$40 million facility in Las Vegas, which produces thousands of gaming machines per... Read More