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US private sector expansion accelerates as demand strengthens and supply issues soften

From markiteconomics.com

Latest 'flash' PMI- data from S&P Global signalled an uptick in output growth across the US private sector in March, as the pace of expansion quickened to an eight- month high. Manufacturers and service providers registered stronger upturns in activity, largely supported by pent-up demand and the easing of COVID- 19 restrictions. Firms also noted that less severe supply chain disruptions and job creation allowed firms to step up production. The headline Flash US PM! Composite Output Index registered 58.5 in March, up from 55.9 in February, to indicate the fastest rise in private sector output since July 2021. The ... (full story)

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