US: Flash Markit Manufacturing PMI drops to 57.8 in December versus 58.5 expected

According to IHS Markit's flash PMI survey, the US Manufacturing PMI Index dropped to 57.8 in December from 58.3 in November. That was below expectations for a small rise to 58.5. The Services PMI Index fell to 57.5 in December from 58.0 last month, below expectations for a rise to 58.5. As a result, the Composite PMI Index also fell on the month to 56.9 from 57.2 in November.