ECONOMICS COMMENTARY
Jan 23, 2014
US output growth hits three-month low amid disruptions from big freeze in January
At 53.7 in January, down from 55.0 in December, the Markit Flash U.S. Manufacturing PMI, which is based on approximately 85% of usual monthly replies, signalled the slowest improvement in overall business conditions for three months. That said, the index was above the neutral 50.0 mark and slightly higher than its average for 2013 (53.5). Therefore, the latest survey results still indicate solid underlying growth across the U.S. manufacturing sector.
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