- April U.S. PMI Composite Index (final): 63.5 vs. 62.2 consensus and 59.7 prior.
- Service Index: 64.7 vs. 63.1 consensus, 60.4 prior.
- The Composite PMI Index posted 63.5 in April signals the sharpest upturn in private sector output since data collection began in October 2009.
- “Thanks to the cocktail of a successful vaccine roll-out, the reopening of the economy, ultra-accommodative monetary policy and injection of fresh fiscal stimulus, businesses are reporting the strongest surge in demand seen for at least a decade," said Chris Williamson, Chief Business Economist.
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Wednesday, May 5, 2021
U.S. PMI composite reports strongest surge in a decade amid vaccine roll-out
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