The seasonally adjusted IHS Markit Flash U.S.
Composite PMI Output Index revealed a modest
rebound in private sector business activity growth in
May.
At 53.9, up from 53.2 in April, the headline
index pointed to the strongest upturn in U.S. private
sector output since February.
Faster business activity growth was driven by the
service sector (‘flash’ index at 54.0 in May), which
more than offset the weakest rise in manufacturing
production since September 2016 (‘flash’ output
index at 53.3).
Tuesday, May 23, 2017
Flash U.S. Composite Output Index rebounds modestly in May
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