Time.news – The tertiary sector runs to the United States and adds another piece to the recovery of the stars and stripes economy, which, in the wake of the fast pace of anti-Covid vaccinations, extends its pace over Europe and the rest of the world.
Confirmation comes from two service sector surveys conducted separately by Markit e Ism, both above the 60-point threshold and with the ISM leaping to the highest levels ever, since the survey was created in 1997.
Wall Street’s reaction was immediate, game already tonic after the long Easter weekend and after the positive closing on Thursday (with the S&P 500 which hit a new record by finishing trading above 4,000 points for the first time). The Dow Jones was up 1.19%, the S&P 500 1.35% and the Nasdaq 1.36%.
To March, the SME index of definitive servicesor, elaborated by Markit, rises 60.4 points from 59.8 in February, exceeding the consensus estimates (60 points). The composite index was also slightly above expectations, which also takes into account the change in the manufacturing PMI, which stood at 59.7 from the previous 59.5 points and from the expected 59.1 points.
In the third month of the year, the non-manufacturing ISM index developed by the Institute for Supply Management literally flies, reaching 63.7 points from 55.3 in February, well above the forecasts of 59. This is the highest growth. strong never seen in services business since the index was established.
To push the lists are also the macro data of last Friday on the job, which show the strongest growth in new jobs in seven months in the USa, which could mark the beginning of the best annual economic growth in nearly four decades (another piece placed in the right place). The report showed that in the third month of the year the private sector recovered 916,000 jobs – the highest rate since August and well above the expected 647,000 – favoring a drop in the unemployment rate from 6.2 to 6%.
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