Services Growth Slows in U.S., as Asia Activity Picks Up

Services Growth Slows in U.S., as Asia Activity Picks Up

U.S. services companies reported slower growth last month and Asian economies recorded robust expansion, while Europe worsened amid rising coronavirus cases and fresh pandemic restrictions, according to purchasing-managers surveys.

Data firm IHS Markit said Wednesday that its U.S. services index was 54.8, the slowest growth in three months and down from 58.4 the prior month. A reading above 50 indicates growth, while a level b

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *