Technology sector growth in U.S. acceleratesStaff Writer | January 10, 2018
The US technology sector indicated a marked upturn in output in December, according to the latest U.S. Sector PMI data from IHS Markit.
America IHS Markit US Sector PMI
Moreover, the sector reported the secondstrongest growth of the seven monitored categories in December. The consumer goods sector likewise indicated a strong and faster upturn in business activity in December. Furthermore, the rise in output was the quickest since May.
Meanwhile, expansions in the industrials and financials sectors softened, with growth in the latter easing to an eight-month low.
For the second successive month, the healthcare sector indicated a contraction in business activity. That said, the pace of decline softened to a fractional rate. ■