Markit: Strong improvement in operating conditions across the US manufacturing sector

"The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers’ Index registered 54.6 in October, up from 53.1 in September," IHS Markit said on Wednesday.

Key highlights:

• October survey data signalled a strong improvement in operating conditions across the US manufacturing sector.
• The health of the sector improved to the greatest extent since January, supported by accelerated expansions in output and new orders.
• In response to greater production requirements, US manufacturing firms expanded their workforce numbers and at the strongest rate since June 2015. 
• Purchasing activity continued to rise, with firms replenishing inventories to ensure orders could be met in a timely manner.
• Inflationary pressures remained marked in October.