Investment Updates
Weekly Economic Update For Investors
Published Friday, January 7, 2022 at: 7:29 PM EST
The index of purchasing activity at large manufacturers fell in December but remains not far from its record high, as did much the more important index of purchasing activity at large service companies.
Services account for 89% of U.S. economic growth, while manufacturing accounts for 11%, and about 90% of jobs in the U.S. are created by the service sector.
This article was written by a professional financial journalist for Advisor Products and is not intended as legal or investment advice.
©2022 Advisor Products Inc. All Rights Reserved.
More articles
- Despite Pandemic, Stocks Closed 2021 With A 26.9% Return
- Tracking The Economic Boom
- Fed Changes Its Inflation Stance
- Despite Inflation And Omicron, A Booming Economy
- The Week's Financial News: Crosscurrents In The Economy
- After Breaking Records For Six Weeks, Stocks Dropped -2.3% Friday
- Already Higher Than Ever, Leading Economic Index Surged Again In October
- Five Observations For Investment Planning For The Decades Ahead
- Financial Economic Outlook
- S&P 500 Closed Friday At Record High Again On Strong Earnings Reports
- With Economic Recovery Intact, Stocks Are Near Record Again
- Are The Five Stocks Driving The Market's Great Returns Overvalued?
- Despite Gloomy Jobs Report, The Economic Outlook Remains Bright
- S&P 500 Rebounded Today After A Difficult Week And Month
- China Financial Contagion Fears Come And Go In A Few Days