Final June Markit Manufacturing PMI at 51.3 vs. 51.4 expected

Assembly at the Ford Flat Rock Assembly Plant in Flat Rock, Michigan.
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Assembly at the Ford Flat Rock Assembly Plant in Flat Rock, Michigan.

The U.S. manufacturing sector edged up to a three month high in June, helped by the fastest rise in new work since March.

Financial data firm Markit reported its final U.S. Manufacturing Purchasing Managers Index at 51.3 in June, down marginally from the preliminary 51.4 number reported. May's 50.7 reading was the weakest on the manufacturing sector since September 2009.

Economists polled by Reuters had expected PMI to rise to 51.4. A reading above 50 signals expansion in economic activity.

Despite the uptick in activity in the sector, growth remained relatively subdued, which contributed to cautious hiring and further efforts to reduce inventories in June, according to Markit's report.