• Prior 55.9
  • Output 55.6 vs 57.8 in Oct
  • Employment 55.1 vs 54.9 prior
  • New orders 55.2 vs 57.1 prior

“Export market weakness holds the key to the recent slowdown, with manufacturers reporting the largest drop in export orders for nearly one and a half years.” Said Chris Williamson at Markit

Not a good omen for manufacturing.

US Markit manufacturing PMI flash 20 11 2014

US Markit manufacturing PMI flash 20 11 2014

USD/JPY not taking an awful lot of notice at 118.00