Page 7 - Composite Output Index News Today : Breaking News, Live Updates & Top Stories | Vimarsana

John Lamparski/Getty Images The data marks the strongest rate of growth since March 2015. Revived activity in the service industry drove the bulk of the improvement. Manufacturers grew, albeit at a slower pace. A popular gauge of US business output improved the most in nearly six years as falling COVID-19 case counts lifted the service industry, IHS Markit said Friday. The firm s Composite Output Index rose 0.1 points to 58.8 in a preliminary February reading, signaling the strongest rate of expansion since March 2015. The bulk of the improvement was driven by an uptick in the service sector. A measure of service activity rose to 58.9 from 58.3, also its highest level since March 2015.

United statesChris williamsonCensus bureau onComposite output indexCensus bureauIhs markitMarkit pmiMarkit us manufacturing pmiMarkit us services pmiEconomic dataEconomic indicatorCoronavirus economyService industryManufacturing industryBen winckஒன்றுபட்டது மாநிலங்களில்