US services activity surges

7 April, 2021 12:00 AM printer

NEW YORK: Activity in the US services sector hit an all-time high in March, but the sudden surge in business stretched supply chains and lifted prices, a report said Monday.

The Institute for Supply Management's purchasing managers index hit 63.7, up from 55.3 the prior month, according to a statement.

That reading tops the prior record in October 2018, reports AFP.