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Expectations are for the report to come in at 53.7, indicating expansion in the US manufacturing sector and in-line with the flash reading from mid-January.
The flash reading of 53.7, however, marked the slowest level of expansion in the manufacturing sector in ten months.
The flash report said, "some manufacturers noted that reduced spending among clients operating in the oil and gas sector had weighed on new order volumes during January."
On Monday we also get manufacturing data from the Institute for Supply Management at 10:00 am ET, with ISM's latest manufacturing reading expected to come in at 54.5, down from December's 55.5 reading.
Like Markit's report, any reading over 50 indicates expanding activity.
We'll be back with the live numbers when they hit.