Usa Washington pandemic economy Usa Washington

US factories grew in December at fastest pace since mid-2018

Reading now: 439
www.clickorlando.com

WASHINGTON – American factories grew in December at the fastest pace in more than two years as manufacturing continued to weather the pandemic better than the battered services sector.The Institute for Supply Management reported Tuesday that its gauge of manufacturing activity rose to 60.7% last month, the highest reading since it stood at 60.8 in August 2018.

The activity gauge was up 3.2 percentage points from a November level of 57.5.Any reading above 50 indicates expansion in the manufacturing sector.The U.S.

Read more on clickorlando.com
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA