U.S. private sector growth eases to seven-month low in April - Markit

At 52.7 in April, down from 53.0 in March, the seasonally adjusted Markit Flash U.S. Composite PMI Output Index signaled a further slowdown in private sector output growth, reported Markit on Friday. The latest reading
pointed to the weakest rate of expansion since September 2016.

The moderation in private sector growth reflected a loss of momentum in both the service economy (‘flash’ index at 52.5 in April) as well as the manufacturing sector (‘flash’ index at 53.4).

Key findings:

  • Flash U.S. Composite Output Index at 52.7 (53.0 in March). 7-month low.
  • Flash U.S. Services Business Activity Index at 52.5 (52.8 in March). 7-month low.
  • Flash U.S. Manufacturing PMI at 52.8 (53.3 in March). 7-month low.
  • Flash U.S. Manufacturing Output Index at 53.4 (54.3 in March), 7-month low