While you were sleeping Manufacturing data disappoint

Mon, 24 Mar 2014

By Margreet Dietz March 25 (BusinessDesk) – Wall Street declined after a report showed a slide in the pace of US manufacturing growth, while China’s manufacturing also provided cause for concern. The preliminary reading of Markit’s gauge for US manufacturing slid to 55.5 in March, down from a 45-month high of 57.1 in the prior month. “The manufacturing PMI adds to evidence that the sector has shrugged off the weather-related weakness seen earlier the year, with strong demand encouraging firms to expand and hire new staff at a robust pace," C...

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