US service economy »

  • The US service economy rebounded in March, but the pace of hiring remained subdued as new orders rose at the slowest pace since September 2012. Markit Group’s gauge of US service activity rose from 53.3 to 55.3. The composite PMI index, which covers manufacturing and services, rose from 54.1 to 55.7. A reading above 50

  • H.S. Borji

    The US service economy rebounded in March from a four-year low, according to a consensus of market analysts awaiting Thursday’s non-manufacturing PMI report. Thursday’s report on the US service economy, courtesy of the Institute for Supply Management, is this week’s final major release ahead of Friday’s nonfarm payrolls report. The ISM’s monthly non-manufacturing PMI is

  • H.S. Borji

    The US service economy rebounded in March, as businesses played catch-up after harsh weather triggered broad declines in output last month. Markit Group’s gauge of US service activity rose from 53.3 to 55.5, according to a flash estimate released today. The median estimate of economists called for a reading of 54.2 A reading above 50.0

  • US stocks surged on Tuesday and held steady at the open on Wednesday. Upward momentum is strong as investors continue to point to the weather as the catalyst that has led to disappointing economic data for January and February. ADP reported that private payroll data came in softer than expected, while the Institute of Supply

  • H.S. Borji

    The US service economy expanded at the slowest pace in four years, as bad weather disrupted the flow of business and pace of hiring. The Institute for Supply Management’s gauge of national services activity decreased from 54 to 51.6 in February. A consensus of economists surveyed by Reuters called for 53.5. Despite the decline, February

  • Business » US service economy slows in November: ISM
    December 5, 2013, 07:24 GMT

    The US service economy expanded for the 47th consecutive month in November, albeit at a slower pace, according to the Institute for Supply Management. The ISM’s gauge of non-manufacturing activity fell from 55.4 to 53.9 in November, the lowest in five months. The median estimate of economists surveyed by Bloomberg was 55.0. A reading above

  • The United States’ service economy accelerated at a faster pace than expected in October, as firms ramped up despite the 16-day government shutdown. The Institute for Supply Management’s non-manufacturing index rose one percentage point to 55.4, exceeding economists’ forecasts. ISM releases the most closely watched US PMI data. A reading above 50.0 signals growth in

  • America’s service economy failed to meet growth expectations in September, as overall business conditions slowed toward the end of the third quarter. In total, 11 of the US’ 15 service industries reported growth, helping to keep the monthly PMI figure above 50, according to the Institute for Supply Management. The reading of 54.4 represents a

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