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Markit Launches US PMI Index

Thursday, 24 May 2012 | 5:20 AM ET

Chris Williamson, chief economist at Markit, told CNBC, "This is the equivalent measure of what we have seen coming out of the euro zone and China, so we use exactly the same methodology across all countries that we are working in and we have a good track record as we have been doing this for twenty years."