Report: US Manufacturing Growing at Fastest Pace Since Sept. 2014
HOUSTON--U.S. manufacturing sector reported the greatest improvement in overall business conditions since September 2014, while the service sector continues to expand, the IHS Markit's Purchasing Managers' Index (PMI) showed on Monday.
The PMI data revealed the manufacturing growth was boosted by marked expansions in output and new orders, with the latter growing at the quickest pace in more than 3.5 years. Stronger growth in new orders drove a solid increase in the level of outstanding business at manufacturers.