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Following up Fridays positive job numbers, and the continuing pick up in factory orders and retail sales, todays service sector report shows a surge in that sector as well. This summer things are going to really start to pick up.
The long nightmare is coming to an end.
The U.S. services sector grew in March at its fastest pace in nearly four years, according to an industry report released on Monday. The ISM non-manufacturing index rose to 55.4 in March. The Institute for Supply Management said its services index jumped to 55.4, its strongest reading since May 2006, from 53.0 in February.
Love the good news! Of course, that doesn't dissuade the apocalypse nuts who will keep screaming "Don't worry, the destruction is just around the corner"...till things look great and they disappear till the next recession.
Considering that about half of the Stimulus has gone out the door, I suspect there will be continued, more rapid improvement. Of course there will be denial of the effects, but considering who is most doing the denial, that could well be considered, flattery.
Following up Fridays positive job numbers, and the continuing pick up in factory orders and retail sales, todays service sector report shows a surge in that sector as well. This summer things are going to really start to pick up.
The long nightmare is coming to an end.
The U.S. services sector grew in March at its fastest pace in nearly four years, according to an industry report released on Monday. The ISM non-manufacturing index rose to 55.4 in March. The Institute for Supply Management said its services index jumped to 55.4, its strongest reading since May 2006, from 53.0 in February.
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