US: December PMI signals strongest manufacturing growth since Mar. 2015 - Markit

"The seasonally adjusted IHS Markit final US Manufacturing Purchasing Managers’ Index (PMI) registered 55.1 in December, up from 53.9 in November," IHS Markit announced on Tuesday.

Key takeaways

Output at manufacturers expanded at a steep pace in December, with growth reaching an eleven-month high. 

New business received by manufacturers continued to rise in December, with the rate of expansion accelerating to a ten-month high.

In line with greater production requirements, firms added to their payrolls and at the fastest rate since September 2014.

input price pressures intensified with the rate of cost inflation accelerating for the second consecutive month.