US factory activity near 14-year high; home sales rise in December ...Qatar

US manufacturing activity surged to its highest level in nearly 14 years in early January, but bottlenecks in the supply chain caused by the Covid-19 pandemic are driving up prices and signalling a rise in inflation in the months ahead. Other data yesterday showed an unexpected increase in sales of previously owned homes in December. Manufacturing and the housing market are helping to anchor the economy, which is being battered by a wave of coronavirus infections. But the pandemic is causing labour shortages at construction sites and factories, which could erode some of the strength in the manufacturing and housing sectors. Data firm IHS Markit said its flash US manufacturing PMI accelerate

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Last updated : 22 January 2021 clock 09:46 PM

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US factory activity near 14-year high; home sales rise in December ...Qatar

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