Economics
U.S. Business Activity Quickens to Start 2021, IHS Markit Says
- Composite index expanded at second-fastest pace since 2015
- Stronger growth contrasts with weakness in Europe, Japan
Photographer: Luke Sharrett/Bloomberg
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U.S. business activity accelerated at the start of the new year, particularly among manufacturers, while capacity constraints generated more inflationary pressures.
The IHS Markit flash January composite index of purchasing managers at manufacturers and service providers increased to 58, the second-highest since March 2015, from 55.3 a month earlier, the group reported Friday. Readings above 50 indicate growth.