Arab Today, arab today us services sector growth jumps in july
Last Updated : GMT 15:47:44
Arab Today, arab today
Arab Today, arab today

US services sector growth jumps in July

Arab Today, arab today

Arab Today, arab today US services sector growth jumps in July

Walmart store in Los Angeles
Washington - AFP

 Activity in the US services sector, the driver of the world's largest economy, rose more than expected in July, data showed Tuesday.
The Institute for Supply Management (ISM) said its non-manufacturing purchasing managers index (PMI) jumped to 58.7 last month.
That represents an increase of 2.7 percentage points compared with June, while analysts had projected a rise of just 0.5 of a point.
The index measures activity in 17 industries, including construction, real estate, retail trade, accommodation and food services, and management of companies. The only sector to contract in July was utilities.
"Respondents' comments indicate that stabilization and/or improving market conditions have positively affected the majority of the respective industries and businesses," ISM said.
A reading over 50 indicates growth, while a reading below that level signals a contraction.
The July report marks the 54th straight month the ISM report has shown expansion.
The report indicated growth in business activity, new orders and employment. However, the prices index decreased 0.3 of a point from the June level to 60.9.
Jim O'Sullivan, chief US economist at High Frequency Economics, characterized the report as "much stronger than expected, adding to the growing list of data showing a net pick-up in the trend in growth this year."

 

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us services sector growth jumps in july Arab Today, arab today us services sector growth jumps in july

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us services sector growth jumps in july Arab Today, arab today us services sector growth jumps in july

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday