US Services Sector Cools in September, Price Pressures Building
4 Articles
4 Articles
The expansion of the U.S. services sector slowed last month. The price index, which reflects the cost burden on companies, rose to its highest level in over four years. According to the U.S. Institute of Supply Management (ISM) on the 5th (local time), the services Purchasing Managers Index (PMI) for September stood at 54.9, down 0.5 points from the previous month (55.4). The PMI is an index calculated by surveying business conditions among corp…
(New York = Yonhap News) Correspondent Kim Yeon-sook = The expansion of the U.S. service sector slowed last September. Rising cost pressures on companies were the highest in over four years...
The spokesman-Review
Times of IndiaUS services sector cools in September, price pressures building
US services sector activity slowed in September, while strong domestic demand stretched supply chains and pushed a measure of prices paid by businesses for inputs to its highest level in more than four years, suggesting inflation could remain elevated into 2027.
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