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US manufacturing job creation hits two-and-a-half year high
September data pointed to another positive month for the U.S. manufacturing sector, with strong rates of output and new orders growth underpinning the fastest expansion of payroll numbers for two-and-a-half years. There were again signs of rising price pressures in the manufacturing sector, with input costs and factory gate charges rising at the sharpest rates since December 2013. The headline figure derived from the survey is the Markit U.S. Manufacturing Purchasing Managers’ Index™ (PMI™), which is designed to signal changes in prevailing business conditions in the U.S. manufacturing sector. PMI readings ... (full story)