Latest News

ISM(R) Services Index Increased to 56.9% in August

0

by Calculated Risk on 9/06/2022 10:03:00 AM

(Posted with permission). The ISM(R) Services index was at 56.9%, up from 56.7% last month. The employment index increased to 50.2%, from 49.1%. Note: Above 50 indicates expansion, below 50 in contraction.

From the Institute for Supply Management: Services PMI(R) at 56.9% August 2022 Services ISM(R) Report On Business(R)

Economic activity in the services sector grew in August for the 27th month in a row — with the Services PMI(R) registering 56.9 percent — say the nation’s purchasing and supply executives in the latest Services ISM(R) Report On Business(R).

The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management(R) (ISM(R)) Services Business Survey Committee: “In August, the Services PMI(R) registered 56.9 percent, 0.2 percentage point higher than July’s reading of 56.7 percent. The Business Activity Index registered 60.9 percent, an increase of 1 percentage point compared to the reading of 59.9 percent in July. The New Orders Index figure of 61.8 percent is 1.9 percentage points higher than the July reading of 59.9 percent.
emphasis added

This was above expectations.

UK weighs huge support package as Europe battles energy crisis

Previous article

Factbox-Europe’s travel disruption set to continue as summer ends

Next article

You may also like

Comments

Leave a reply

Your email address will not be published.

More in Latest News