The Housing Chronicles Blog: May IHS Markit Composite Output Index rises to 55.7, highest in three months

Wednesday, May 23, 2018

May IHS Markit Composite Output Index rises to 55.7, highest in three months

At 55.7 in May, up from 54.9 in April, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index was the highest for three months and well above the crucial 50.0 no-change value. A faster rise in service sector output was the key factor behind the acceleration.

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