The Institute for Supply Management’s survey of senior executives at banks, retailers, restaurants and the like rose to 59.7% last month from 56.7% in January. The January reading was the weakest since last summer.
Numbers over 50% are viewed as positive for the economy, and anything over 55% is considered exceptional. Economists polled by MarketWatch predict gross domestic product will taper to 1.5% in the first quarter from 2.6% in the final three months of 2018. What they are saying?: “We are anxiously awaiting decisions in the next couple of weeks on the fate of the proposed tariffs on China,” said an executive at restaurant chain.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: