April survey data signalled a further strong increase in private sector output across the U.S, alongside steep growth in new orders and intensifying price pressures. At 54.8 in April, up from 54.2 in March, the seasonally adjusted IHS Markit Flash U.S. Composite PMI Output Index indicated a faster upturn in business activity across the private sector, driven by accelerated growth at both manufacturing and service sector firms. While the former recorded the steeper rate of expansion, both sectors enjoyed solid rates of growth.