US Manufacturing PMI At 7-Month Highs As Canada’s Crashes To Record Low (Below China)

Monday, November 2, 2015
By Paul Martin

by Tyler Durden

Amid a slew of sometimes contradictory Manufacturing data, Canada appears to have suffered the most with its Markit PMI tumbling to 48.0 – a record low. Canada’s weakness puts it below China (based on China’s Caixin/Markit measure). US manufacturing rose marginally from its preliminary 48.0 print to end October at 48.1, highest since March. Output and New orders are seen rising at the fastest pace since March, but despite this ‘strength’ Markit is careful to warn a rate hike would be premature.

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