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Macroeconomics  |  June 01, 2011 17:23:20

Activity of the U.S. manufacturing sector fell to 19-month low


Robust manufacturing activity sector of the United States is likely to result in the second quarter due to weak growth in new orders and production. Manufacturer continue to burden the significant price pressures.

PMI index of manufacturing activity in May fell by 6.9 points to 53.5, the lowest level since September 2009. Since the beginning of the year, while ranged above 60 points and has been growing very rapidly, said the survey institute Supply Management (ISM). Expansion reported only fourteen of the eighteen manufacturing industries studied. A majority consensus PMI expected at 58.0 points and the result of failed expectations.The 60 indicates the sector, very good condition, the neutral level of 50 points to keep the PMI 22 months.

Indicators of production and new orders weakened sharply to a sustainable level of supervision. Index of suppliers and export orders growth slowed. Corporations continued recruiting new employees, but the slowest pace in six months. Indicator of completion of contracts weakened sharply, which may indicate a trend of production in the coming months. Indicator stocks finished production went after three months of growth to decline.

The input price index in May slowed the growth of the highest levels since July 2008. Approximately three fifths of respondents reported corporate higher input prices. U.S. ISM services will be released on Friday, expected a slight recovery in activity.

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Aktivita výrobního sektoru USA klesla na 19-měsíční minimum

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