Manufacturers in the US reported the fastest growth since 2010, according to Markit’s Purchasing Managers’ Index (PMI) for the sector.
The index reached 57.5, with output, new orders, employment and work backlogs all gaining momentum since May. Cost inflation hit its highest level since January and factory gate prices increased for the first time this year. Chief economist Chris Williamson said: “The survey data suggest that GDP should be set to rise by at least…
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