4.7.21 Best Business Conditions of the 21st Century
The United States, and the rest of the world, are looking to emerge from the shadow of COVID-19, and business conditions may already have put the pandemic in the rear-view mirror—at least according to the monthly business surveys conducted by the Institute of Supply Management (ISM). The ISM Manufacturing PMI surged to 64.7 in March versus 60.8 a month prior (index levels above 50 indicate expansion) and above all but one of the Bloomberg consensus survey estimates.
Meanwhile, increasing vaccinations and further easing of restrictions—including the full reopening of several states—buoyed a rebound off a nine-mon
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