Usa Washington state Texas state Louisiana pandemic Government Usa Washington state Texas state Louisiana

US factory activity expands at fastest pace since 1983

Reading now: 813
www.clickorlando.com

WASHINGTON – U.S. manufacturers expanded in March at the fastest pace in 37 years, a sign of strengthening demand as the pandemic wanes and government emergency aid flows through the economy.

The Institute for Supply Management, a trade group of purchasing managers, said that its measure of factory activity jumped to 64.7 last month, from 60.8 the previous month.

That's the highest since December 1983. Some of the gain may reflect a bounce-back from February, when harsh winter weather in Texas, Louisiana and other southern states knocked some oil refineries and petrochemical plants offline.

Measures of new orders, production, and hiring all jumped, and more companies reported optimistic outlooks about future business conditions.

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