Financial data firm Markit said its preliminary or "flash" U.S. Manufacturing Purchasing Managers Index rose to 54.3 in February, up from the January's final reading of 53.9. Economists polled by Reuters had expected a 53.6 reading. This month's output subindex rose to 56 from January's 55.7 final reading, its second straight monthly increase and best reading since October, while the employment subindex dipped to 51.7 from last month's 53.4. "Factory output growth ticked higher for a second successive month in February, suggesting the goods-producing sector is on course to make a robust contribution to the economy in the first quarter," said Chris Williamson, chief economist at Markit, in a statement.
via Business News http://ift.tt/1Edp2QT
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