Business activity in the U.S., the eurozone and the U.K. picked up in February, a boost for the global economy and a sign of resilience as Russia’s war on Ukraine is poised to enter its second year.
Surveys of manufacturers and service providers released Tuesday also pointed to an easing of supply problems, with companies reporting that raw material and component costs rose at the slowest pace since the fall of 2020. Wage pressures remained elevated, however.