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JHML - Flash PMI Surveys Show Narrowing Of U.S.-European Growth Differentials
John Hancock Multifactor Large Cap
Flash PMI survey data show the US expansion losing pace amid rising virus numbers, while looser lockdowns in Europe boosted the PMI data.
Services remain hardest hit by containment measures, manufacturers report stronger growth.
COVID-19 containment measures will likely continue to inhibit growth in the coming months, but business sentiment about the year ahead has improved on vaccine news, brightening the longer-term picture.