Growth of global food output reaches post-crisis high

Global sector PMI™ data from Markit signalled a record rate of growth in global food producer output in February. The sector was also the fastest-growing of all sectors monitored on a global basis in the latest period. Pharmaceuticals & biotechnology and telecommunication services were the second- and third-fastest growing sectors respectively in February. The rates of expansion in business activity reached 22- and 35-month highs respectively.