The U.S. economy has started Q4 solidly as private sector business activity in September grew to a rate not seen since early 2019 despite being weaker than August level, according to the IHS Markit press release. Manufacturers and service providers noted strong expansions in output.
- Private sector firms are optimistic about output in the coming 12 months, but the overall degree of confidence dropped to a four-month low.
- New orders rose for the second successive month, growing at the fastest rate since February 2019.
- Companies recovering foreign client demand, mainly for services, although the overall pace of new export order growth eased.
- Employment continued to increase solidly, although at a softer pace than in August.
- Flash Composite Output Index is 54.4, down from 54.6 recorded in August, a 2-month low.
- Flash Service Business Activity Index is 54.6, down from 55.0 recorded in August, a 2-month low.
- Flash Manufacturing Activity PMI is 53.5, up from 53.1 in August, a 20-month high
- Flash Manufacturing Output Index is 53.3, up from 52.7 in August, a 10-month high
The dollar index is flat. DXY is -0.01%
