Service Industry Surges Under Trump

After eight years of relatively humdrum numbers under the Obama administration, during President Trump’s tenure, the ISM report on non-manufacturing businesses (the service industry) has boomed to near record highs. Sharon Nunn reports at The Wall Street Journal:

The Institute for Supply Management on Wednesday saidĀ its nonmanufacturing index rose to 61.6 in September, the highest reading on record going back to 2008. A reading above 50 indicates activity is expanding across service and other industries, while a number below 50 signals contraction.

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