The first batch of IHS Markit Global Sector Purchasing Managers’ Index (PMI) data for 2018 signalled that global technology output continued to expand sharply in January.
The rate of growth in the sector was the strongest since December 2013. The acceleration reflected the manufacturing component, technology equipment, as software & services activity grew at an unchanged rate since December.
The next-fastest growing sectors during the month were technology equipment, other financials, machinery & equipment and household & personal use products respectively.
Source: Markit economics, https://www.markiteconomics.com