The Institute for Supply Management (ISM) said on Monday its non-manufacturing activity index rebounded to a reading of 63.7 last month also lifted by warmer weather. That was the highest in the survey's history and followed 55.3 in February.
A reading above 50 indicates growth in the services sector, which accounts for more than two-thirds of US economic activity. Economists polled by Reuters had forecast the index rising to 59.0 in March.
The Institute for Supply Management (ISM) said on Thursday its index of national factory activity jumped to a reading of 64.7 last month from 60.8 in February. That was the highest level since December 1983.
President Joe Biden on Wednesday unveiled a plan to spend roughly $2 trillion on infrastructure like roads and bridges over 10 years.
