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22 Sep 2017
US: Robust private sector growth sustained during September - Markit
"September data revealed a strong increase in U.S. private sector business activity, with the rate of growth close to August’s seven-month peak," IHS Markit announced on Friday.
Key takeaways:
- The latest expansion of private sector output was driven by a robust upturn in services activity, which contrasted with relatively subdued growth among manufacturing companies.
- At 54.6 in September, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was down slightly from 55.3 in August.
- A 55.1, the seasonally adjusted IHS Markit Flash U.S. Services PMI Business Activity Index was down only slightly from August’s 21-month peak
- At 53.0, up fractionally from 52.8 in August, the seasonally adjusted IHS Markit Flash U.S. Manufacturing Purchasing Managers’ Index remained weaker than its post-crisis trend (53.9).