The IHS Markit Flash U.S. Manufacturing PMI expanded at a record pace in April, buoyed by new orders growth that was the best since April 2010 and by exports rising at an all-time high for the series. Output and hiring strengthened for the month, but lingering supply chain disruptions in the sector limited production growth. Yet, raw material costs soared once again, growing at the fastest rate since the question was added in May 2007.
