US Manufacturing & Services PMIs Come In Hot As Inflation Re-Surges• https://www.zerohedge.com by Tyler Durden
Flash US Services Business Activity Index at 53.8 (February: 50.6). 11-month high.
Flash US Manufacturing Output Index at 51.0 (February: 47.4). 10-month high.
Flash US Manufacturing PMI at 49.3 (February: 47.3). 5-month high.
Commenting on the US flash PMI data, Chris Williamson, Chief Business Economist at S&P Global Market Intelligence said:
"March has so far witnessed an encouraging resurgence of economic growth, with the business surveys indicating an acceleration of output to the fastest since May of last year.