US business activity rebounds to 8-month high in February

Econ & Housing

WASHINGTON: US business activity unexpectedly rebounded in February, reaching its highest level in eight months, according to a survey on Tuesday (Feb 21), which also showed inflation subsiding. S&P Global said its flash US Composite PMI Output Index, which tracks the manufacturing and services sectors, increased to 50.2 this month from a final reading of…

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