{"id":53261,"date":"2021-10-22T19:17:52","date_gmt":"2021-10-22T15:17:52","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=53261"},"modified":"2021-10-22T19:38:27","modified_gmt":"2021-10-22T15:38:27","slug":"pmi-output-index-on-u-s-economy-up-in-october-after-delta-speed-bump","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/pmi-output-index-on-u-s-economy-up-in-october-after-delta-speed-bump\/10\/22\/market-updates\/","title":{"rendered":"PMI Output Index up in October despite delta"},"content":{"rendered":"\n<p>U.S. CompositePurchasing Managers&#8217; Index; PMI Output Index, which tracks the manufacturing and services sectors, has rebounded to a reading of 57.3 in the first half of October from 55.0 in September. A reading above 50 indicates growth in the private sector.<br><br>The service sector of the U.S. economy has sped up in October after hitting a severe bump caused by the coronavirus delta variant a month earlier.<br><br>Manufacturers also rapidly expanded activity, but ongoing labor shortages and supply bottlenecks acted as a downtrend drag on growth.<br><br>Data firm IHS Markit, said Friday, that a survey of senior business executives in service oriented companies, such as retailers and banks, rebounded to a three-month high of 58.2 from 54.9 in September.<br> <br>U.S. business activity increased solidly in October, suggesting economic growth has held uptrend at the start of the Q4 as COVID-19 infections subsided, though labor and raw material shortages held back manufacturing.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>U.S. CompositePurchasing Managers&#8217; Index; PMI Output Index, which tracks the manufacturing and services sectors, has rebounded to a reading of 57.3 in the first half of October from 55.0 in September. A reading above 50 indicates growth in the private sector.The service sector of the U.S. economy has sped up in October after hitting a &hellip;<\/p>\n","protected":false},"author":13,"featured_media":53310,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,37,39,36],"tags":[7124,6969,6836,6838,7178,7466,6858],"class_list":["post-53261","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-forex-markets","category-global-stock-markets","category-market-updates","tag-coronavirus","tag-growth","tag-ihs-markit","tag-manufacturing","tag-manufacturing-pmi","tag-shortage","tag-us-economy"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53261","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=53261"}],"version-history":[{"count":4,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53261\/revisions"}],"predecessor-version":[{"id":53314,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53261\/revisions\/53314"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/53310"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=53261"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=53261"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=53261"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}