The numbers: A barometer of U.S. business conditions at service-sector companies such as banks and restaurants rose to 56.5% in November, a strong showing that signals the economy is still expanding at a steady pace. Numbers over 50% are a sign the economy is growing, and figures above 55% are viewed as exceptional.
The closely followed ISM reports, produced by the Institute for Supply Management, are the first major indicators of each month and offer clues on how well the economy is performing. The snapshot of the economy given by the service-sector index is more positive than a similar ISM survey of manufacturers, which showed deteriorating business conditions.Big picture: The huge service segment of the economy has held up better than the industrial side. Americans have shifted spending to services such as travel and recreation and away from buying goods like new cars and computers.
Findings water-down the Biden haters and recession drum beaters.
danwais esto no coincide mucho con que hay recesión.