U.S. Services Sector Activity Rises Near Two-Year High, ISM Survey Shows
Signs that the economy is rebounding at a better than expected pace could complicate negotiations over relief legislation in Washington, D.C.
Signs that the economy is rebounding at a better than expected pace could complicate negotiations over relief legislation in Washington, D.C.
Lockdowns, the surging virus, and the 2020 election results weigh on the economy.
The U.S. services sector grew in August for the third month in a row, according to a survey of business executives. The Institute for Supply Management’s index of activity in the services sector dipped to 56.9, 1.2 percentage poitns lower
The U.S. economy appears to be more resilient to rising coronavirus infections than many analysts thought.
The U.S. services sector rebounded more than expected in May from April’s steep decline. The sector shrank for a second consecutive month in May, according to the monthly survey of non-manufacturing businesses conducted by the Institute for Supply Management. But
The Institute for Supply Management’s non-manufacturing index jumped to 55 last month from 53.9 in November.
The ISM non-manufacturing survey came in lower than expected but still above contraction levels
The Institute for Supply Management its nonmanufacturing index rose to 56.9 in May from 55.5 in April