The Markit Economics final index of U.S. manufacturing decreased to 52.1 in April from 54.6 a month earlier, the London-based group said today.
An index above 50 for the purchasing managers’ measure indicates expansion. The preliminary reading was 52.
Markit’s purchasers figure is based on responses from about 85 percent to 90 percent of companies in a poll of more than 600 American manufacturers.
Manufacturing across the globe is struggling to improve. In China, the world’s second-largest economy, factories expanded at a weaker pace in April. The Purchasing Managers’ Index fell to 50.6 last month from 50.9 in March.
A U.K. factory index showed manufacturing contracted for a third month. The gauge rose to 49.8 last month from 48.6, according to Markit and the Chartered Institute of Purchasing and Supply.
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