A worker uses an electronic screwdriver to install the motherboard on the reverse side of a 32-inch TV at Element Electronics in Winnsboro, South Carolina May 29, 2014.IHS Markit's flash US purchasing managers index jumped to 46.8 in June, from 37 in May, the companyIt's the highest the index has reached since the coronavirus crisis hit the US. Still, any reading of less than 50 signals a contraction.
. It's the highest reading for the index since March, when the coronavirus pandemic shocked the US economy and nearly halted all activity. June also brought an uptick in optimism, with year-ahead output expectations reaching a four-month high, according to the report.
The Federal government passed out trillions in free money, of course activity went up.
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