Braking Down The News

Service-Sector Strength Aids Global Growth

Supply-chain bottlenecks persist, but an easing of the Delta variant of Covid-19 has boosted growth in the U.S., Japan and Australia

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Business activity accelerated in some of the world’s largest economies owing to a pickup in the services sector that has offset weakness in manufacturing caused by supply-chain bottlenecks and rising prices.

Surveys of purchasing managers conducted over recent weeks point to increased growth in the U.S., Japan and Australia due to easing fears of the Delta variant of Covid-19.

 

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