Markit's April PMI Shows Slower U.S. Manufacturing Growth

MarketWatch Pulse

The second and final reading of U.S. manufacturing conditions in April was revised down a tick to 54.1 from a preliminary 54.2, the privately run firm Markit said Friday. The index fell from 55.7 in March and touched a three-month low. Readings over 50 indicate growth, but manufacturers have been hurt by a stronger dollar that's curbed exports as well as fewer sales to U.S. energy companies that have slashed investment amid sharply lower oil prices.

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