Home Society Stable growth rate reported in the US industry

Stable growth rate reported in the US industry

Business activity in the United States grew at a similar pace in April to March. Research firm Markit reported this on the basis of a provisional figure.

The purchasing managers’ index for the American industry recorded a score of 52.4, just like a month earlier. Economists generally predicted a level of 52.8 for the indicator, which indicates growth at a level higher than 50.

In the services sector, growth was weaker in April compared to a month earlier. The index came out at 52.9 against 55.3 in March. The composite index for April was 52.8 compared to 54.6 a month earlier.

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