#usismservicesindexrisesto54.1
🚨 US ISM SERVICES INDEX RISES TO 54.1 📈
The U.S. services sector maintained a strong pace of growth in July! 🇺🇸
The Institute for Supply Management said its nonmanufacturing PMI inched up to 54.1 last month from 54.0 in June. A reading above 50 indicates growth, which accounts for more than two-thirds of U.S. economic activity.
Key Breakdown:
✅ New Orders jumped to 57.2 vs 55.1 — domestic demand is still robust
⚠️ Prices Paid surged to 70.3 vs 67.7 — inflation pressure rising again
🔻 Employment dropped to 47.4 vs 51.2 — hiring slowdown continues
📦 Supplier Deliveries slipped to 52.8 — supply chains still tight
Fed left rates at 3.50%-3.75% last week, focusing on inflation over jobs.
What does this mean for markets? Strong services = economy resilient but rate cuts may be delayed.
Source: Institute for Supply Management via Reuters
#ISM #ServicesPMI #USEconomy #ForexNews
🚨 US ISM SERVICES INDEX RISES TO 54.1 📈
The U.S. services sector maintained a strong pace of growth in July! 🇺🇸
The Institute for Supply Management said its nonmanufacturing PMI inched up to 54.1 last month from 54.0 in June. A reading above 50 indicates growth, which accounts for more than two-thirds of U.S. economic activity.
Key Breakdown:
✅ New Orders jumped to 57.2 vs 55.1 — domestic demand is still robust
⚠️ Prices Paid surged to 70.3 vs 67.7 — inflation pressure rising again
🔻 Employment dropped to 47.4 vs 51.2 — hiring slowdown continues
📦 Supplier Deliveries slipped to 52.8 — supply chains still tight
Fed left rates at 3.50%-3.75% last week, focusing on inflation over jobs.
What does this mean for markets? Strong services = economy resilient but rate cuts may be delayed.
Source: Institute for Supply Management via Reuters
#ISM #ServicesPMI #USEconomy #ForexNews