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

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.