Financial sector of the U.S. indicated a strong growth in activity in November, showed the latest U.S. Sector PMI data released by IHS Markit. The pace of growth rose to the joint-strongest since July 2014, and the sector was the highest ranked for the fourth time in 2017 so far. The technology sector continued to grow steeply, but the upturn weakened from that seen in the earlier survey period. However, the sector’s growth was second-most rapid in November.
Business activity in the healthcare sector contracted for the first time since March in November. But the pace of decline was just marginal. In the meantime, upturns in output in the industrials and basic materials sector were strong, with the former seeing growth reach a three-month high.
After a steep expansion in October, growth in the consumer services sector eased, according to the latest survey data. The pace of rise was strong overall, although the most subdued since July.
At 17:00 GMT the FxWirePro's Hourly Strength Index of US Dollar was neutral at 39.3575. For more details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest