Published 3 years ago

Growth in services sector hits record

Summary by Ground News

The Institute for Supply Management reported Wednesday that its monthly survey of service industries rose to a reading of 64.1 in July. It was the fastest pace since this series began in 2008. On Monday, ISM reported that growth in manufacturing had slowed for a second straight month amid on-going supply-chain problems.

0 Articles

All

Left

Center

Right

Reuters

Irish services growth surges to 20-year high in July

DUBLIN - Growth in activity in Ireland's service sector surged to a 20-year high in July as the country continued to ease one of Europe's strictest COVID-19 lockdowns, but the boom is fuelling cost inflation, a survey found on Thursday. The AIB IHS Markit Purchasing Managers' Index (PMI) rose to 66.6 in July from 63.1 in June to hit its highest level since August 2000. That compares to

3 years ago·United Kingdom

Read Full Article

abc News

Growth in US services sector hits record high in July

Growth in the U.S. services sector, where most Americans work, increased to a record pace in July even as businesses continued to face challenges in hiring workers

3 years ago·United States

Read Full Article

The Hill

Growth in services sector hits record

The U.S.

3 years ago·Washington, United States

Read Full Article

IBTimes

Recovering US Economy Pushes Service Sector Gauge To Record

An index measuring the health of the massive US service sector climbed to a new all-time high in July as the economy recovers, data said Wednesday, though supply and labor shortages are holding back some firms. The Institute for Supply Management (ISM) said its services index was at 64.1 percent last month, higher than the previous peak recorded in May and well above analysts' forecasts.

3 years ago·United States

Read Full Article

MY Northwest

Growth in US services sector hits record high in July

WASHINGTON (AP) — Growth in the U.S. services sector, where most Americans work, increased to a record pace in July even as businesses continued to face challenges in hiring workers.The Institute for Supply Management reported Wednesday that its monthly survey of service industries rose to a reading of 64.1 in July, up from 60.1 in June. It was the fastest pace since this series began in 2008.Any reading above 50 indicates growth in service indu…

3 years ago·Tacoma, United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year

Ground News Article Assistant

Not enough coverage to generate an Article Assistant.