With the labor market at full employment and wages growing above inflation, the American service sector is likely to outperform heading into the critical holiday shopping season. … READ MORE >
ISM service sector index
Service sector showed fastest growth in nearly two years
The Institute for Supply Management’s service sector index grew to 54.9 in September from 51.5 in August. … READ MORE >
Service sector bounces back in July, easing growth concerns
The ISM service index for July rose to positive territory at 51.4 after dropping in June to 48.8, suggesting that some of the concerns over an imminent recession looked overblown. … READ MORE >
Service sector continues to grow in February
The service sector continued to grow in February for the 14th straight month, according to the Institute for Supply Management on Tuesday. … READ MORE >
Job openings fall to lowest level since 2021, signaling Fed pivot
With 8.7 million job openings in October, the vacancies-to-unemployed ratio has fallen to 1.34, only slightly higher than the pre-pandemic average of around 1.24 … READ MORE >
Service sector growth in U.S. reaches a six-month high
The service sector grew faster in August on the heels of a surge in summer spending, the Institute for Supply Management reported on Wednesday. … READ MORE >
Service sector growth eases in July
The Institute for Supply Management’s index for services inched down to 52.7 in July from 53.9 in June, indicating expansion for the seventh straight month. … READ MORE >
Service sector growth weakens in March
March’s services composite index was 51.2, slightly higher than the long-term threshold of 49.9, according to ISM data. An index above 49.9 indicates expansion. … READ MORE >
U.S. service sector grows, adding pressure on Fed
The Institute for Supply Management’s service index rose in November as business activities increased on the month. … READ MORE >
Service sector continued to expand in August
Service sector growth inched up in August, marking the 27th month in a row of expansion despite recession fears. … READ MORE >