U.S. factory activity at five-month high in March: Markit

April 1, 2015 1:48 PM

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U.S. factory activity at five-month high in March: Markit

Growth in the U.S. manufacturing sector rose to a five-month high in March as output and employment gained, according to an industry report released on Wednesday.

Financial data firm Markit said its final U.S. Manufacturing Purchasing Managers' Index rose to 55.7 in March from 55.1 in February and to its highest since October, when the PMI was 55.9. It also came above the preliminary reading of 55.3.

Also read: U.S. Consumer Spending, Incomes Rose Steadily in October

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