Economic Update: ISM Non-Manufacturing (Services Sector) Index
The ISM (Institute of Supply Management) Non-Manufacturing index for July was reported at 52.6, which was above the consensus estimate for a reading of 52.2 and the June reading of 52.1 (May: 53.7, April: 53.5, March: 56.7, February: 57.3).
Economic activity in the non-manufacturing sector grew in July for the 31st consecutive month.
Other components of the Report:
The index is designed to indicate the state of the services sector in the economy. Readings above 50 are indicative of expansion while below 50 suggests contraction in the sector.
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Other stories on the US Economy to review:
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