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Industrials growth in U.S. accelerates to one of fastest rates since March 2015

Staff Writer |
August survey data signalled a pick-up in industrials output growth, according to the latest U.S. Sector PMI from IHS Markit.

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Activity increased at a sharp rate that was one of the fastest over the last three-and-a-half years.

Industrials also indicated the quickest expansion of the monitored sectors.

Meanwhile, healthcare firms indicated strong output growth, extending the current sequence of expansion to nine months.

The rate of the latest upturn was the second-fastest since January 2017.

Alongside industrials, the consumer goods sector was the only other segment to report a quicker output expansion.

In contrast, technology and financials firms reported weaker rises in output.

Furthermore, the former signalled the softest expansion in the current five-month sequence of growth.

Similarly, basic materials and consumer services firms noted a loss of growth momentum midway through the third quarter.

Expansion among the latter eased to a marginal rate that was the slowest in 14 months.

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