US Edition
9 Articles
9 Articles
US services activity bounces back, treading water on jitters
Activity in the US services sector picked up in June, survey data showed Thursday, bouncing back from a contraction while businesses grapple with worries over President Donald Trump’s tariffs. The Institute for Supply Management’s (ISM) services index came in at 50.8 percent last month, rising from 49.9 percent in May. This was above a consensus expectation of 50.3 percent according to Briefing.com. While the above-50 figure marks “a welcome ret…
Within the purchasing managers' index, the new orders indicator rose to 51.3 points, from 46.4 in May, and the employment indicator advanced to 50.7 points, from 47.2, and the prices indicator fell from 68.7 points to 67.5.
US services activity bounces back, but jitters remain
Activity in the US services sector picked up in June, survey data showed Thursday, bouncing back from a contraction as businesses grapple with concerns about President Donald Trump's tariffs. The Institute for Supply Management's (ISM) services index came in at 50.8 percent last month,...
The U.S. service sector again expanded in June, with the recovery of applications, but the employment was third time this year, stressing the impact of uncertainty on companies. The Institute of Supply Management (ISM) reported on this Thursday (3) that its Non-Manufacturer Procurement Managers Index (PMI) increased from 49.9 in May to 50.8 last month. Economists consulted by Reuters predicted that the PMI services subsidized to 50.5. A reading …
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