US manufacturing PMI misses in August

US manufacturing is growing a little slower, according to fresh data from Markit.

The manufacturing purchasing managers' index (PMI) is down from 53.7 to 53.1, analysts had expected a rise to 54.0

Any number above 50 implies an expansion, so that result means that the pace of expansion has slowed PMI a bit.

Now we wait for the ISM manufacturing PMI at 15.00. Analysts are expecting a fall from 55.4 to 54.0.