The U.S. services sector, which employs most Americans, recorded record growth in March as the easing of coronavirus restrictions released pent-up consumer demand.
The Institute for Supply Management, an association of purchasing managers, reported Monday that its nonmanufacturing index rose to an all-time high 63.7 last month from 55.3 in February. The old record of 60.9 was set in October 2018.
New orders also hit a record, and hiring and prices grew faster. Continue reading.
