US PMI Falls Slightly To 54.6
REUTERS/Steven ShU.S. PMI has fallen slightly to 54.6.
The previous month was 54.9, and analysts had expected 55.0.
So this is a slight miss, but not a huge deal.
Remember, in any one of these PMI/ISM-type surveys, a number above 50 is expansion, so the U.S. manufacturing economy is still clearly in expansion territory.