U.S. consumer goods sector records marked output growth in May

The U.S. consumer goods sector saw a marked output growth in May, showed the latest U.S. Sector PMI data from IHS Markit. The survey data hinted at a further acceleration in the pace of growth to the most rapid since February 2015. The latest rise in output in the industrials sector was the strongest in more than three years, with the pace of growth rebounding sharply from March’s four-month low. The upturn was the second most rapid of the monitored sectors.

In the meantime, the technology sector hinted at a second straight month of output growth in May. Even if it is strong overall, it was the only sector to hint at a weaker rate of growth. The basic materials sector saw the most rapid rise in production so far in 2018. The rate of growth was up just slightly from April, but sharp nonetheless.

In the meantime, the healthcare and financials sector hinted at a strong output rise in May. Growth rates reached three-month highs in both cases.

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