October’s flash PMI data indicate that the US economy continues to boom at the start of the fourth quarter.
Supply chain bottlenecks have intensified, and order book backlogs are growing, making it easier for companies to pass higher costs on to customers.
The headline flash S&P Global US PMI Composite Output Index slipped from 58.4 in September to 57.6 in October but remained firmly in strong growth territory.
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October’s flash PMI data indicate that the US economy continues to boom at the start of the fourth quarter. The output readings from the survey are consistent with GDP growing at a 5% annualized rate. Especially healthy
