Industry News

The re-imposition of some business restrictions in response to an early-January surge in COVID19 related hospitalizations, combined with a slower-than-expected vaccine rollout, reined in the panel’s expectations, which otherwise appeared poised to charge ahead. Alongside a slight reduction in the share of respondents reporting worse conditions, a majority of respondents reported an unchanged business environment in January, pushing the current conditions component to 60.0, a nearly imperceptible increase over December’s 57.7 reading.

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