US private sector output rises solidly in April, underpinned by fastest new order growth since March 2015

US private sector output rises solidly in April, underpinned by fastest new order growth since March 2015. At 54.8 in April, up from 54.2 in March, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index indicated a faster upturn in business activity across the private sector.

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