An industry report showed on Tuesday,
U.S. manufacturing industry increased in August while employment in the sector
cultivated at its best pace since March of last year.
Despite of the continuous inflation,
Financial data firm Markit said its final U.S. Manufacturing Purchasing
Managers Index went up by 57.9 in August from 55.8 in July, due to its healthy
expansion, marking its highest level since April 2010.
It can be remembered that in July, consumer inflation accelerated
to a two-month high of 7.96 per cent.
While the output subindex rose to 60.7
from 59.7 and the employment component appeared at 54.6 from July's final read
of 51.2. The last employment reading for August marked its highest level since
a matching read in March 2013.
A senior economist at Markit, Tim
Moore said that "the US manufacturing sector has gone from strength to
strength this summer, with August's improvement in business conditions the
sharpest for over four years."
“Impressive new business and output
gains were matched by a solid rebound in employment growth. The latest survey
points to the fastest upturn in payroll numbers for around a year-and-a-half,
highlighting that the manufacturing sector continues to have a positive impact
on overall labor market conditions."
