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The US economy growth appears on track for another solid quarter, new data showed Monday while also pointing to potential "headwinds" in the manufacturing sector and on price pressures.
S&P Global's flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 54.4 in September, down from 54.6 in August. Economists had expected the index to tick down to 54.3.
Chris Williamson, the chief business economist at S&P Global Market Intelligence, said this...
>>> Read more: Data shows US economy pacing for 'healthy' growth â but new 'headwinds' loom
S&P Global's flash US composite PMI, which captures activity in both the services and manufacturing sectors, came in at 54.4 in September, down from 54.6 in August. Economists had expected the index to tick down to 54.3.
Chris Williamson, the chief business economist at S&P Global Market Intelligence, said this...
>>> Read more: Data shows US economy pacing for 'healthy' growth â but new 'headwinds' loom