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- Operating conditions in U.S. manufacturing sector improve moderately in April - IHS Markit
Operating conditions in U.S. manufacturing sector improve moderately in April - IHS Markit
The latest report by IHS Markit revealed on Wednesday
the seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing
Managers’ Index(PMI) rose to 52.6 in April, up slightly from 52.4 in March and the
“flash” figure of 52.4.
The reading signaled that the latest improvement
in the health of the U.S. manufacturing sector was the second-slowest since
June 2017.
Economists had forecast the index to stay
unrevised at 52.4.
According to the report, expansions in output
and new orders picked up from March's recent lows, with new business growth the
fastest for three months. Despite a further rise in backlogs of work, the rate
of job creation was the slowest since June 2017. On a price front, inflationary
pressures continued to soften for a sixth month running.
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