US companies signalled a renewed expansion in business activity in March, according to the latest ‘flash’ PMI™ data from S&P Global. Output grew at a solid pace that was the fastest since May 2022 as demand conditions improved and new order growth returned. Manufacturers and service providers alike registered upturns in output, with service sector firms driving the increase. The headline S&P Global Flash US PMI Composite Output Index registered 53.3 in March, up notably from 50.1 in February. The latest index reading was the highest for almost a year, and signalled a solid expansion in private sector ... (full story)