AI Data Insight
The US October (Q4) Markit Flash Manufacturing PMI edged down to 56.0 from 57.0 in the previous month, but still outperformed market expectations of 55.5, remaining firmly in the expansion zone. Details show that while the growth of new orders and output slowed, employment growth hit a new high since 2012, and cost pressures flared up again, indicating deep resilience in the US economy.