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Industrial activity expansion in U.S. fastest since March 2015

Staff Writer |
June survey data indicated the strongest upturn in industrials output in over three years, according to the U.S. Sector PMITM from IHS Markit.

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Businesses reported a further acceleration in activity growth following April’s ten-month low.

The consumer services sector maintained its position as the third-fastest growing segment in June (behind industrials and technology), with the rate of expansion accelerating to the quickest in 17 months.

On a less positive note, the basic materials sector signalled a slowdown in output growth in June.

The rate of increase was the weakest in the current 25- month sequence of expansion, and the slowest of all monitored segments.

Similarly, growth eased in the consumer goods and financials sectors, with the former softening to a three-month low.

Rates of increase accelerated in the healthcare and technology sectors, however.

The latter signalled a third successive month of expansion and the fastest upturn in 2018 so far.

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