Business, Hi - Tech And Financial Services Lead Growth In September - IHS MARKIT GLOBAL SECTOR PMI
* Industrial services is fastest-growing global sector
* Strongest job creation seen in software & services
* Global media business activity declines
Global Sector PMI indices are compiled from responses to questionnaires sent to purchasing managers in IHS Markit'sglobal PMI survey panels, covering over 27,000 private sector companies in more than 40 countries.
Indices are available for the basic materials, consumer goods, consumer services, financials, healthcare,industrials, technology and telecommunication services industry groups, and sub-sectors of these groups.
Latest data signalled that global output growth was strongest in the industrial services, software & services and other financials sectors in September. The strongest growing manufacturing sector was industrial goods, in fifth place overall, followed by chemicals in seventh.
Within the broader industrials sector group, transportation under performed relative to the goods and services sub sectors, with only a marginal rise in activity in September.
Within the broader financials sector group, real estate recorded a weaker rise in activity relative to banks,insurance and other financials.
Media was the only global sector to post a decline in business activity in September.This, combined with only a marginal increase in tourism & recreation, resulted in overall consumer services activity rising at the slowest rate among the eight broad groups monitored. Of these, industrials posted the strongest rise in September, although technology recorded the fastest job creation.