ECONOMICS COMMENTARY
Apr 24, 2014
US goods production rises at fastest pace for just over three years in April
Manufacturers indicated a strong start to the second quarter of 2014, with the latest survey highlighting expanding levels of production, new work and employment. At 55.4 in April, the Markit Flash U.S. Manufacturing PMI was down fractionally from 55.5 in March but still well above the neutral 50.0 value. Sharper rates of output and new business growth boosted the PMI during April, while the main negative influence on the headline index was a rise in the suppliers' delivery times component.
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