U.S. BUSINESS ACTIVITY SURGED TO A 20-MONTH HIGH IN OCTOBER: IHS MARKIT

Highlights

• IHS Markit said as per its flash U.S. Composite PMI Output Index went up to reading of 55.5 this month and was the highest since February 2019

• Few of the manufacturers and service industry companies noted the resurgence of COVID-19 in the country had affected the demand said the data firm

• The IHS’ flash composite new orders index slumped to 54.3 in October as compared to a rea....