U.S. private-sector activity picks up pace as firms look forward to new gov't: survey


By Xia Lin
  • World
  • Saturday, 23 Nov 2024

NEW YORK, Nov. 22 (Xinhua) -- The S&P Global Flash U.S. Composite PMI, which gauges activity in the manufacturing and services sectors, rose to 55.3 in November from 54.1 in October, according to the surveys published on Friday. That accelerates a previously climbing trend and suggests activity is expanding at its fastest rate in some two and a half years.

This showed that "U.S. economic activity continued to grow robustly this month as confidence among U.S. businesses surged following the election of Donald Trump to the White House," reported The Wall Street Journal on Friday about the data.

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