Economics
Markit U.S. Manufacturing Index Fell to Three-Month Low in April
Mohamed Yohan checks bicycle wheel stability at Worksman Cycles in the Queens borough of New York.
Andrew Harrer/BloombergThis article is for subscribers only.
The Markit Economics preliminary index of U.S. manufacturing decreased to a three-month low of 54.2 in April from 55.7, the London-based group said Thursday.
A reading above 50 for the purchasing managers’ measure indicates expansion. The median forecast in a Bloomberg survey of economists was 55.7, with estimates ranging from 54.5 to 56.4.