NEW YORK - U.S. business activity snapped back to the highest since early 2019 this month as companies in both the manufacturing and services sectors saw a resurgence in new orders even as new COVID-19 cases remain stubbornly high across the country, a purchasing managers’ survey showed on Friday.
A reading above 50 indicates growth in private sector output. The economy fell into recession in February as the coronavirus began to spread rapidly around the United States, triggering widespread business shutdowns and stay-at-home orders. Foreign sales increased at the fastest rate since September 2014, it said, as more non-U.S. markets reopened their economies.
Pretty hard to believe.
For the low, low price of only 800,000 human lives.
The pic makes all the containers look like toys
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Source: BusinessInsider - 🏆 729. / 51 Read more »