London’s IHS Markit says US manufacturing PMI surges to record in early-April

In the latest cohort of a cascade of upbeat US economic data, London-based British-American data firm IHS Markit said in a statement on Friday that its index for US factory activity PMI (Purchasing Managers’ Index), accountable for roughly 11.9 percent of entire US economic activity, had spiked to a record high in early April, though manufacturers were reportedly experiencing a strong headwind to source raw materials alongside other exertions as a ground-breaking re-opening of US economy appear.
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