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US PMI Flat With Job Creation Slowest Since January

The Markit US Manufacturing PMI printed at an expected 55.4 - flat from March - but under the surface were some troubling trends. The pace of expansion in job creation was the slowest since January (but but but, we are in the post-weather period now?) and weak overseas demand continues to mean export performance disappoints, with only modest growth of new export orders recorded again in April.
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