US Flash PMI Rises in April, Inflationary Pressures Weigh Down on Businesses

A worker checks equipment in the factory at IceStone, a manufacturer of recycled glass countertops and surfaces, in New York, on June 3, 2021. Andrew Kelly/Reuters

Private sector output rose in the United States in April while companies shifted the burden of surging costs and higher wages onto customers, according to S&P.

The S&P Global Flash U.S. Manufacturing Purchasing Managers Index (PMI) rose slightly to 59.7 in April from 58.8 in March, which signaled a “marked improvement” in operating conditions in the manufacturing sector, an April 22 press release said.