U.S. Services Index Indicates Modestly Slower Growth In September
14 Articles
14 Articles
U.S. Services Index Indicates Modestly Slower Growth In September
A report released by the Institute for Supply Management on Monday showed a modest slowdown in the pace of growth in U.S. service sector activity in the month of September. The ISM said its services PMI dipped to 54.9 in September after rising to 55.4 in August, although a reading above 50 still indicates growth. Economists had expected the index to edge down to 55.0.
The index of purchasing managers (PMI) of services in the United States rose to 58.8 points in September, from 56.5 points in August, at its highest level since July 2021, according to data released on Monday (5) by the S&P Global. The composite MIP, which gathers data from the industrial and service sectors, advanced to 58.4 points in September, from 56 points in August. Above the level of 50 points, the indicator points to the expansion of eco…
The ISM services PMI fell to 54.9 in November from 55.4 in the previous month, slightly below expectations. The US services sector remains strong, with the employment component rising to 50.1, while new orders and business activity remained well above the 50-point expansion threshold. The only worrying sign is the further rise in the price component to 74, indicating persistent price pressures. This is one of the main reasons why inflation has s…
The growth rate of the US services sector slowed slightly in September, as resilient domestic demand led to a
In the US, the Institute for Supply Management (ISM) services sector Purchasing Managers Index (PMI) fell to 54.9 in September, below market expectations and indicating a slowdown in the sector's growth rate.
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