The PMI remained over the 50-point threshold, signaling expansion in the manufacturing sector. Among the PMI sub-indices, the new orders index inched down 0.3 pp but was still over the 50-point mark.
The production volume index dropped 2.3pp but still showed expansion. The employment index fell 0.6pp and was under the 50-point threshold.
The delivery times index declined 4.9pp and was below the 50-point mark. The gauge of purchased inventories dipped 0.5pp but still showed an expansion.
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