๐Ÿ“ˆ TKer by Sam Ro

๐Ÿ“ˆ TKer by Sam Ro

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๐Ÿ“ˆ TKer by Sam Ro
๐Ÿ“ˆ TKer by Sam Ro
The U.S. economy continues to break records ๐Ÿ‡บ๐Ÿ‡ธ
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The U.S. economy continues to break records ๐Ÿ‡บ๐Ÿ‡ธ

America's services sector is 'bursting at the seams'

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Sam Ro, CFA
Nov 03, 2021
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๐Ÿ“ˆ TKer by Sam Ro
๐Ÿ“ˆ TKer by Sam Ro
The U.S. economy continues to break records ๐Ÿ‡บ๐Ÿ‡ธ
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People are going out and doing stuff. (Source: Getty Images)

The data continue to confirm that the economy is booming.

On Wednesday, we learned that the Institute of Supply Managementโ€™s (ISM) services index jumped to 66.7 in October, up from 61.9 in September.

This metric, which is based on a survey of service sector1 purchasing managers, signals growth when itโ€™s above 50. Octoberโ€™s reading was the highest on record.2

Economists analyzing the details of the report agree that there werenโ€™t many holes to poke.

Itโ€™s like the economy is growing at a 6.1% rate

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