U.S. Services and Manufacturing Sectors Show Strong Economic Growth
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
S&P Global Market Intelligence chief economist Chris Williamson stated that U.S. business is booming across both manufacturing and services. Demand for services reached its highest level in five years since the COVID recovery, while total manufacturing demand hit a four-year high.
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Why it matters
The combination of the services and manufacturing sectors accounts for 83.1% of the overall U.S. economy. Williamson noted that the latest improvement in business activity, excluding the post-lockdown surge, is the greatest recorded since early 2015.
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Who's involved
- S&P Global Market IntelligenceProvides the economic analysis on U.S. business activity
- S&P GlobalThe parent corporation of S&P Global Market Intelligence
- Joe HayesEconomist employed at S&P Global Market Intelligence
- David OwenPrincipal Economist at S&P Global Market Intelligence
- Paul SmithEconomics Director at S&P Global Market Intelligence
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- S&P GlobalSpeculative
S&P Global could see increased demand for market intelligence services due to strong economic performance.