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Data: Institute for Supply Management; Chart: Axios Visuals

The Delta variant’s impact on the economy is receding into the past — business activity surged in October, per a closely watched index.

Driving the news: The ISM Services PMI, an index that measures all nonmanufacturing activity, jumped by a record 4.8 points to a reading of 66.7 (also an all-time record high).

The big picture: “The surge in the index sends a positive signal about the post-Delta economy, with the business activity and new orders components soaring,” Ian Shepherdson, chief economist at Pantheon Macroeconomics, wrote in a research note.

  • Yes, but: Supplier delivery times were slower, prices paid were higher, and the order backlog was larger — all indicating the persistence of supply chain problems, he added.

Go deeper

Philadelphia gets high marks for LGBTQ+ inclusivity

Data: Human Rights Campaign Foundation. Graphic: Taylor Allen/Axios

The Human Rights Campaign Foundation is recognizing Philadelphia for its LGBTQ-inclusive policies and practices.

Driving the news: The national LGBTQ+ advocacy group recently released its 10th annual Municipal Equality Index, which evaluates cities on several factors that could impact quality of life for LGBTQ+ residents.

Biden's supply chain offense heats up

President Biden meets with CEOs in Washington, D.C. on Nov. 29, 2021. Photo: Mandel Ngan/AFP via Getty Images

The Biden administration’s supply chain offensive expanded yesterday, as the country entered the height of the holiday shopping season.

Catch up quick: The Federal Trade Commission launched a study into the role competition plays in supply chain issues and how those issues might cause consumer hardship.

Updated 15 mins ago - Health

Massage, facial, pedicure... intravenous drip?

A salon on the Upper East Side of New York that offers IV drip therapies. Photo: Jennifer A. Kingson/Axios

IV drips — the kind you might get if you're rushed to the hospital — are trending as a spa treatment, thanks in part to endorsements by celebrities like Kim Kardashian and Madonna.

Why it matters: Like other "wellness" trends with a whiff of medical imprimatur, IV nutrient drips can be harmless or mildly restorative — or go awry, particularly in the wrong hands.