The economy has recently shown encouraging signs of strength. ISM manufacturing hit 52.6, snapping a near-year streak of contraction and signaling renewed momentum in the industrial sector. Services remained solid at 53.8, reflecting continued strength in a segment representing roughly 70% of economic output. Third-quarter productivity jumped to an annualized rate of 4.9%, coming in well ahead of the 3.3% estimate and marking genuine efficiency gains across the private sector. These positive developments suggest an economy gaining traction.
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