US: Sharpest expansion of US private sector output for six months in July - Markit
|"July data revealed a further acceleration in business activity growth across the U.S. private sector. At 54.2, up from 53.9 in June, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index signaled the
strongest rate of expansion since January," Markit said on Monday.
Key takeaways:
- Flash U.S. Composite Output Index at 54.2 (53.9 in June). 6-month high
- Flash U.S. Services Business Activity Index at 54.2 (54.2 in June). Unchanged vs. last month
- Flash U.S. Manufacturing PMI at 53.2 (52.0 in June). 4-month high
- Flash U.S. Manufacturing Output Index at 54.3 (52.6 in June), 4-month high
- Private sector payroll numbers expanded at a solid pace in July, with the rate of job creation the fastest so far in 2017
- Higher levels of business activity were supported by a robust and accelerated upturn in new work during July
- Measured overall, the latest increase in new orders received by private sector companies was the strongest for six months
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