https://www.pmi.spglobal.com/Public/Home/PressRelease/fc17fd9e64e74c93a6b5e41bc6773817
Stronger demand conditions support sharper growth in April, but also
bring renewed inflation momentum
April data indicated a faster rise in business activity at firms
based in the US, according to the latest ‘flash’ PMI™ data
New orders at US firms increased at the sharpest rate for
11 months in April as new client wins, improved customer
confidence and successful marketing strategies drove the
uptick. *from S&P Global. Output rose at the sharpest pace for*
almost a year, as stronger demand conditions, improving
supply and a steeper uptick in new orders supported the
expansion. Solid growth in activity was seen across both
the manufacturing and service sectors.
Meanwhile, overall output prices rose at the fastest pace
for seven months. Firms stated that more accommodative
demand conditions allowed them to continue passing
through higher interest rates, staff wages, utility bills and
material costs to clients.