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US PMI Manufacturing Index Jumps To 53.7 In July

Matthew BoeslerAug 1, 2013, 18:28 IST

REUTERS/Ilya Naymushin A worker operates an electrolysis furnace, which produces aluminium from raw materials, at the Rusal Krasnoyarsk aluminium smelter in the Siberian city of Krasnoyarsk, May 18, 2011.UPDATE: Markit's final July reading of U.S. PMI is out.

The headline index increased to 53.7 in July from 51.9 in June, exceeding the flash estimate of 53.2 published by Markit last week.

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ORIGINAL: Heads up! Minutes away from the release of Markit's final July reading of U.S. PMI, due out at 8:58 AM ET.

Economists predict the index will match the flash estimate of 53.2 published last week, up from June's 51.9 reading.

A 53.2 reading on the index would suggest that the pace of expansion in the American manufacturing sector accelerated in July.

We will have the full release LIVE at 8:58 AM ET. Click here to refresh for the latest >