{"id":1004142696,"date":"2016-04-25T04:58:09","date_gmt":"2016-04-25T12:58:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004142696"},"modified":"2020-05-11T23:41:07","modified_gmt":"2020-05-12T07:41:07","slug":"economy-watch-manufacturing-not-rebounding-from-slack-q1","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/economy-watch-manufacturing-not-rebounding-from-slack-q1\/","title":{"rendered":"Economy Watch: Manufacturing Not Rebounding from Slack Q1"},"content":{"rendered":"<p>By Dees Stribling, Contributing Editor<\/p>\n<div id=\"attachment_1004142697\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Markit-US-PMI-0416.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004142697\" data-attachment-id=\"1004142697\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-manufacturing-not-rebounding-from-slack-q1\/markit-us-pmi-0416\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Markit-US-PMI-0416.jpg\" data-orig-size=\"353,282\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;Samantha Goldberg&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;1461574234&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Markit US PMI 0416\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Credit: Markit Flash U.S. Manufacturing PMI\u2122, April 22, 2016.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Markit-US-PMI-0416.jpg?w=353\" class=\"size-medium wp-image-1004142697\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Markit-US-PMI-0416.jpg\" alt=\"Credit: Markit Flash U.S. Manufacturing PMI\u2122, April 22, 2016.\" width=\"300\" height=\"240\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Markit-US-PMI-0416.jpg 353w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Markit-US-PMI-0416.jpg?resize=300,240 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004142697\" class=\"wp-caption-text\">Credit: <a href=\"https:\/\/www.markiteconomics.com\/Survey\/\/PressRelease.mvc\/923b3dc0f4314b259e101c31f406a676\" rel=\"nofollow\" target=\"_blank\">Markit Flash U.S. Manufacturing PMI\u2122<\/a>, April 22, 2016.<\/p><\/div>\n<p>U.S. manufacturing experienced a sluggish first quarter this year, and the prospects for a rebound aren&#8217;t looking great. That&#8217;s according to the preliminary (April) estimate of Markit\u2019s Purchasing Managers\u2019 Index (PMI) for the sector, which was released on Friday.<\/p>\n<p>The PMI dropped to its lowest level in more than six-and-a-half years, even though the manufacturing sector is still growing\u2014albeit not very fast. The index&#8217;s movement is concerning, especially to the industrial real estate market. The more goods made in American factories, the higher occupancy rates in warehouses and distribution facilities, especially those in major East and West coast markets, through which the goods move for export.<\/p>\n<p>In April, the index came in at 50.8, down from 51.5 in March. The survey data, according to Markit, is consistent with manufacturing output falling an an annualized rate of more than 2 percent at the start of the second quarter.<\/p>\n<p>According to Markit, some survey respondents suggested that uncertainty about the direction of the U.S. economy and the political climate (and indeed, it&#8217;s been a strange election so far) had weighed on the sector in April. Also, export sales continued to act as a drag on overall new business volumes. The latest survey pointed to the sharpest drop in new work from abroad since November 2014.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markit&#8217;s latest U.S. manufacturing PMI dropped to its lowest level in more than six years, reflecting the sector&#8217;s continued sluggish growth in 2016. <\/p>\n","protected":false},"author":1269,"featured_media":1004142697,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21748,23891,21742],"tags":[],"class_list":["post-1004142696","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industrial","category-national","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Economy Watch: Manufacturing Not Rebounding from Slack Q1 - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-manufacturing-not-rebounding-from-slack-q1\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Economy Watch: Manufacturing Not Rebounding from Slack Q1\" \/>\n<meta property=\"og:description\" content=\"Markit&#039;s latest U.S. manufacturing PMI dropped to its lowest level in more than six years, reflecting the sector&#039;s continued sluggish growth in 2016.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/economy-watch-manufacturing-not-rebounding-from-slack-q1\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2016-04-25T12:58:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-12T07:41:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/04\/Markit-US-PMI-0416.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"353\" \/>\n\t<meta property=\"og:image:height\" content=\"282\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"the Editors of Commercial Property Executive\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-manufacturing-not-rebounding-from-slack-q1\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-manufacturing-not-rebounding-from-slack-q1\\\/\"},\"author\":{\"name\":\"the Editors of Commercial Property Executive\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/1b82b91678533ae5d40e3240086a42bb\"},\"headline\":\"Economy Watch: Manufacturing Not Rebounding from Slack Q1\",\"datePublished\":\"2016-04-25T12:58:09+00:00\",\"dateModified\":\"2020-05-12T07:41:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-manufacturing-not-rebounding-from-slack-q1\\\/\"},\"wordCount\":245,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-manufacturing-not-rebounding-from-slack-q1\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2016\\\/04\\\/Markit-US-PMI-0416.jpg\",\"articleSection\":[\"Industrial\",\"National\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-manufacturing-not-rebounding-from-slack-q1\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-manufacturing-not-rebounding-from-slack-q1\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/economy-watch-manufacturing-not-rebounding-from-slack-q1\\\/\",\"name\":\"Economy Watch: Manufacturing Not Rebounding from Slack Q1 - 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