Services PMI

All three major U.S. stock indices are down Friday as traders reacted to several sets of fresh data that raised concerns about the economic outlook.  The University of Michigan consumer sentiment index fell to 64.7 in January, a decline of 10% and a steeper drop than expected. The 5-year...

The U.S. services sector experienced an unexpected slowdown in its growth momentum last month as respondents expressed caution regarding the economic impact of recent elections and impending tariffs. The Services Purchasing Managers Index released Wednesday fell to 52.1% in November, down from a...

The U.S. services sector's economic momentum is firing at all cylinders, with business activity in October reaching its strongest level in over two years. According to the Institute for Supply Management, the Services PMI surged to 56% in October 2024, up from 54.9% in September, defying...

The U.S. services sector posted a stronger-than-expected expansion last month, easing concerns about a potential economic slowdown affecting the country’s largest economic sector. The Services Purchasing Managers’ Index (PMI) barometer rose from 51.4% to 51.5%, outpacing expectations of...

U.S. stocks once again reached all-time highs in the shortened trading week due to the Independence Day holiday, as the latest economic data bolstered investor confidence that the Federal Reserve may soon begin cutting interest rates. The U.S. job market showed a better-than-expected increase in...

The U.S. labor market doesn’t appear as tight and hot as a couple of months ago, with the June’s Employment Situation report likely to show an overall cooling trend from a very strong performance in May. Slated for release Friday at 8:30 a.m. ET, the official jobs report from the...

The U.S. stock market’s Wednesday session is a historic one, as both the S&P 500 and the Nasdaq 100 indices closed at record high levels, driven by increased investor confidence in artificial intelligence-driven growth expanding from the tech sector to the broader market. The S&P 500...

The sentiment in the U.S. service sector sharply expanded in May, far more than expected and reversing the decline that began in April. What Happened: After 15 straight months of expansion, business morale gauging the services sector activity temporarily entered into contraction in April, but...

The U.S. services sector expanded more than anticipated in January, underscoring the sector’s robust performance even amidst elevated borrowing costs and rising geopolitical tensions. The Institute for Supply Management (ISM) said Monday that its Services Purchasing Managers’ Index (...

The rhythm of expansion in the U.S. services sector slightly decelerated in September as elevated interest rates and uncertainty related to the risk of a government shutdown weighed on private businesses. The ISM Services PMI dropped by 0.9 percentage points to 53.6 in September, matching market...

Economic activity in the U.S. private services sector maintained its expansion in July, but at a reduced rate compared to previous months, according to surveys released Thursday by S&P Global and the Institute of Supply Management (ISM). The Services PMI measured by S&P was revised by 0.1...

The U.S. economy continues to demonstrate impressive resilience, as indicated by the robust performance of the ISM Services PMI, which exceeded expectations in June. While expansion in the service sector is generally viewed as positive news by financial markets, this strong data has heightened...

The ISM Services PMI declined from 51.9 in April 2023 to 50.3 in May, well below market expectations of 52.2, but still indicating the fifth consecutive month of expansion in the service sector. Simultaneously, the final S&P Global Services PMI reading for May was...

The increase of economic activity in the United States' services sector slowed in March, with the ISM Services Purchasing Managers' Index dropping from 55.1 to 51.2, falling short of estimates of 54.5. Eight of the 10 subindices that constitute the overall index fell during the...

Spain's economy may finally be on the up-swing after years of contraction marked by a financial crisis created from a massive housing and credit bubble. However, more good news came for the Spanish economy Thursday as the government announced that the unemployment rate declined for the first time...