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ISM

US service sector activity index jumps to record high in March: ISM survey
World

US service sector activity index jumps to record high in March: ISM survey

  • The Institute for Supply Management (ISM) said on Monday its non-manufacturing activity index rebounded to a reading of 63.7 last month also lifted by warmer weather. That was the highest in the survey's history and followed 55.3 in February.
  • A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of US economic activity. Economists polled by Reuters had forecast the index rising to 59.0 in March.
Published 05 Apr, 2021 07:54pm
US manufacturing sector index races to 37-year high in March
World

US manufacturing sector index races to 37-year high in March

  • The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February. That was the highest level since December 1983.
  • President Joe Biden on Wednesday unveiled a plan to spend roughly $2 trillion on infrastructure like roads and bridges over 10 years.
Published 01 Apr, 2021 07:06pm