ISM Ser­vices Sec­tor In­dex Rises as Prices Stay High

The Bond Buyer - - Market News - — Gary E. Siegel

The U.S. ser­vices sec­tor ex­panded at a faster pace in Au­gust as the non-man­u­fac­tur­ing in­dex rose to 58.5 from 55.7 in July, on a sea­son­ally ad­justed ba­sis, the In­sti­tute for Sup­ply Man­age­ment re­ported Thurs­day.

An in­dex read­ing above 50 sug­gests ex­pan­sion.

The prices paid in­dex fell to 62.8 from 63.4, the 30th con­sec­u­tive month prices were grow­ing, the ISM said. The em­ploy­ment in­dex rose to 56.7 from 56.1.

The busi­ness ac­tiv­ity/pro­duc­tion in­dex gained to 60.7 from 56.5, the new or­ders in­dex was at 60.4, up from 57.0; back­log of or­ders climbed to 56.5 from 51.5; new ex­port or­ders in­creased to 60.5 from 58.0; in­ven­to­ries re­mained at 53.5; in­ven­tory sen­ti­ment in­creased to 59.5 from 58.0; the sup­plier de­liv­er­ies in­dex rose to 56.0 from 53.0; and im­ports dipped to 52.0 from 52.5.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.