U.S. private sector output increased at a faster pace in November, with the rate of expansion quickening to a four-month high. Growth was supported by stronger increases in activity across both the manufacturing and service sectors. Adjusted for seasonal factors, the IHS Markit Flash U.S. Composite PMI Output Index posted 51.9 in November, up from 50.9 during October, to signal the fastest expansion in private sector output since July. That said, the pace of growth was well below the series trend and only marginal overall. The composite index is based on original survey data from IHS Markit’s PMI surveys of both ... (full story)