07192018Thu
Last updateThu, 19 Jul 2018 4pm

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Manufacturing & The Economy

Businesses Grew at Fastest Pace in 8 Months

In October, IHS Markit data indicated a robust and accelerated expansion of U.S. private sector business activity. The upturn was supported by the fastest rise in manufacturing production for eight months, alongside another robust increase in service sector output.

October data also pointed to the greatest pressure on manufacturing supply chains since early- 2014. Survey respondents widely cited disruption and stretched workloads among suppliers following hurricanes Harvey and Irma. 

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