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