U.S. healthcare sector activity records sharp growth in October

U.S. Sector PMI data for the month of October hinted at a sharp growth in healthcare activity. Growth accelerated from September’s recent low to the most rapid since February 2015. Furthermore, the upturn in the healthcare sector was the most solid of the seven monitored segments. Companies in the industrials sector also saw a steep rise in output during October. The more rapid growth was the joint-fastest since June. Similarly, consumer services saw a rebound in the rate of activity growth to a four-month high.

Even if the financials sector showed a ninth straight month of output growth, the pace of growths alleviated to just a fractional rate that was the softest in the aforementioned sequence. It was also the slowest among the monitored sectors. Similarly, the technology sector recorded a strong, albeit softer rise in activity. In the meantime, growth momentum also weakened in the basic materials and consumer goods sector. However, growth in both stayed solid overall.

At 17:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was slightly bulllish at 67.1423. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex