Here comes Markit manufacturing PMI ...
A preliminary reading on US manufacturing activity in November is set for release at 9:45 a.m. ET.
Economists project that Markit's US manufacturing purchasing manager's index (PMI) was 54, according to Bloomberg. That would be virtually unchanged from the prior print of 54.1.
The manufacturing sector has this year suffered amid a strong dollar and weaker global demand.
Here's the preview UBS' Sam Coffin sent to clients last week: "The Markit PMI has detached itself from the near-zero growth in factory output and the manufacturing ISM. However, there is no particular reason to expect a re-alignment in November. We expect a normalizing inventory position to boost factory measures. Because of a smaller weight in the Markit measure than the ISM measure, inventories dragged less on the Markit in recent months and should add less in coming months."
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