Here comes Markit manufacturing PMI ...

Markit Economics will release its preliminary report on US manufacturing during October at 9:45 a.m. ET.

According to Bloomberg, economists forecast that the purchasing manager's index was unchanged at 51.5. A reading above 50 would indicate that the sector is still in expansion.

In September, the PMI rebounded from a contractionary reading of 49.4 - the first slip into that territory since February. Some respondents to Markit's survey reported a rise in domestic and international sales, with some customers buying ahead of anticipated price increases.

The manufacturing sector has not yet fully recovered since the dollar's rise and soft global demand crushed it last year.

More to come ...

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