Wednesday, September 01, 2010
Manufacturing growing - but more slowly
Posted by David Smith at 11:30 AM
Category: Thoughts and responses

There are two explanations for the slowdown in manufacturing growth reported in the latest purchasing managers' index for the sector. One is that exporters are feeling the effect of weaker growth in markets, the other that the kick from inventories is fading. Still, an 11th month of growth and a PMI reading of 54.3, down from 56.9, is a long way from an industrial double-dip, though that, inevitably, is what the headlines will say. More details here.