U.S. ISM Non-Manufacturing Index Rises in July

ismToday it was reported that the Institute for Supply Management non-manufacturing index which measures purchases from companies in the U.S. service sector rose 3.8 percent in July to 56, beating estimates of 53.1, and expanding well above June’s reading of 52.2 percent.

A reading over 50 indicates that companies are expanding.

Last week the ISM manufacturing report indicated that its July manufacturing index expanded to a reading of 55.4 percent, a two-year high.

 

 

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