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US services sector grows for seventh straight month

US services sector grows for seventh straight month

America’s services sector, which is the biggest employer in the US, grew for the seventh consecutive month last month despite the Covid-19 pandemic raged like wildfire through the holidays. The Institute for Supply Management index shows the sector grew to a reading of 57.2 in December month from a reading of 55.9 in November. Readings above 50 represent expansion in services industries.

Clara
Clara
Karlo
Karlo 3 months

If the metrics are to be trusted, that is a relief. The damage is not as severe as it could have been, then again it is interesting to ponder how much of this damage could have been avoided and at what cost.

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