US Jan flash manufacturing PMI signals continued growth
The rise was attributed to the increasing output and new orders, which posted the fastest growth rates of 22 and 28 months respectively. Also, the purchasing activities of the companies increased at the sharpest rate since 2015, driven by the increase in production requirements.
The data also showed that the rate of job creation, which reached its 18-month-high in December, fell slightly although manufacturing employment continued to rise in January.
According to the data from Markit IHS, the degree of positive sentiment reached its highest level in January since March 2015. Companies reported that client demand got stronger, new product releases increased and underlying market conditions improved.
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