U.S Financials the Best Performing Sector in March-IHS Markit

U.S financials retained its position as the best-performing area for business activity growth in March, according to IHS Markit press release. All seven broad sector categories recorded an increase in output, with a similar pattern seen for incoming new work. 

• Technology sector gained considerable momentum and reached its fastest for six-and-a-half years.
• Rises in business activity was recorded across healthcare and industrials categories, although the latter had softer growth than in February.
• Consumer goods saw the greatest loss of momentum, with production easing to a five-month low.
• Basic materials posted the weakest rise in output since last October.
• Consumer services recorded another modest growth in business activity, but the rate of expansion was the slowest of all seven categories. 
• Strong cost pressures persisted, led by record rise in input prices across the basic materials category. 

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