- Flash 58.0. July 55.8
- Employment 54.6 vs 54.6 flash and 51.2 in July
- New orders 60.5 vs 60.8 flash and 59.5 in July
- Output 60.7 vs 60.2 flash and 59.7 in July
The fastest expansion since April 2010 is of no consequence to the dollar who is awaiting the ISM in around 10 minutes. USD/JPY still holding just below 105 at 104.96
“The US manufacturing sector has gone from strength to strength this summer, with August’s improvement in business conditions the sharpest for over four years. Impressive new business and output gains were matched by a solid rebound in employment growth. The latest survey points to the fastest upturn in payroll numbers for around a year-and-a-half,highlighting that the manufacturing sector continues to have a positive impact on overall labor market conditions. Improving domestic economic fundamentals remain the key engine of growth. However, there were finally signs of external demand gaining traction in August, despite weakness across the euro area, as manufacturers indicated that new export orders picked up at the fastest pace for three years.” said Tim Moore at Markit
US Markit manufacturing PMI 02 09 2014
