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HERE COMES FLASH US PMI...

Sam RoJun 23, 2014, 19:02 IST

REUTERS/Ilya Naymushin

At 9:45 a.m. ET, Markit will publish the preliminary June estimate of its manufacturing purchasing managers index (PMI).

Economists surveyed by Bloomberg estimate this activity index slipped to 56.0 in June from 56.4 in May.

But some are more optimistic. "We forecast another rise in the Markit PMI in June," said UBS's Sam Coffin who forecasts an increase to 57.5. "Early indications of June factory activity have pointed to continued strength, as the NY and Philadelphia Fed measures rose from already high levels."

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