IHS Marquit, a financial information services company, said the US Manufacturing Purchasing Managers (PMI) Index. It rebounded to 59.2 in January, the highest level since data collection began in May 2007 from 57.1 in December.
The PMI index remains above 50, indicating an expansion in US manufacturing. With rising for the ninth consecutive month
The PMI index was driven by a rise in new orders and employment. While the confidence of the business sector rose It is expected that vaccination against COVID-19 More broadly, it will help the economy recover.
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