February 2016 US manufacturing PMI flash data report

  • Prior 52.4
  • New orders 51.7 vs 53.6 prior
  • Output 51.3 vs 53.2 prior

A bit of a difference on expectations. Reuters says 52.0 (what I use), Bloomberg 52.5.

It missed all of them anyway. The PMI is at the lowest since Oct 2012.

Closer to contraction, which probably won't be long in coming as the main ISM PMI is already there. We don't get that Feb read until March 1st.

The main USD moves are in cable and the euro which have ticked up slightly. USDJPY is doing nowt at 113.10

Us Markit manufacturing PMI