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Here comes Markit manufacturing PMI ...

Akin Oyedele   

Here comes Markit manufacturing PMI ...
Stock Market1 min read

Data on US manufacturing in November are set for release this morning.

First up, at 9:45 a.m. ET, Markit will release its flash purchasing manager's index (PMI), which is expected to stay unchanged at 52.6.

And at 10:00 a.m., the ISM manufacturing index will cross, and it is expected at 50.5, versus 50.1 prior.

Deutsche Bank's Jim Reid wrote to clients on Tuesday that the firm's below-consensus ISM forecast of 49 "is based on the recent weakness in the NY and Philadelphia Fed surveys also, which is consistent with a decline in factory activity but not the overall economy (for the overall economy to be contracting, the level of the manufacturing ISM would have to be near 43)."

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