The US economy accelerated in January and got off to a good start in 2021, but new research shows that the coronavirus has spread more rapidly than ever before.
Both service and manufacturing IHS Markit PMI indexes on the economy have improved this month, suggesting that companies are looking forward to a better era in the near future.
The index of services such as banks, hospitals and retailers is by far the largest sector of the economy, rising from 54.8 last month to 57.5 in January, a two-month high.
On the other hand, the index rose from 57.1 to 59.1, although the size of the US manufacturing industry was small but large.
The index is edited from a survey of senior management. The latest IHS measurements suggest that the deployment of the coronavirus vaccine and the prospect of federal support for the economy by the Biden administration give companies confidence.
Despite resistance from the pandemic, the economy will speed up in early 2021, Markit shows
http://www.marketwatch.com/news/story.asp?guid=%7B21005575-02D4-D4B5-4572-D21DB22E04F4%7D&siteid=rss&rss=1 Despite resistance from the pandemic, the economy will speed up in early 2021, Markit shows