US ISM services ticked up to 56.9, corresponds to 2.5% annualized GDP growth

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US ISM services ticked up to 56.9, corresponds to 2.5% annualized GDP growth

US ISM Services PMI rose from 56.7 to 56.9 in August, above expectation of 55.4. Business activity/production rose from 59.9 to 60.9. New orders rose from 59.9 to 61.8. Employment rose from 49.1 to 50.2. Prices dropped from 72.3 to 71.5. ISM said: ” The services sector had a slight uptick in growth for the […]

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Source: US ISM services ticked up to 56.9, corresponds to 2.5% annualized GDP growth