US: Continued growth in the non-manufacturing sector at a faster rate - ISM

According to the latest Non-Manufacturing ISM Report on Business, economic activity in the non-manufacturing sector grew in August for the 92nd consecutive month.

Key takeaways:

  • The NMI registered 55.3 percent, which is 1.4 percentage points higher than the July reading of 53.9 percent.
  • This represents continued growth in the non-manufacturing sector at a faster rate.
  • The New Orders Index registered 57.1 percent, 2 percentage points higher than the reading of 55.1 percent in July.
  • The Employment Index increased 2.6 percentage points in August to 56.2 percent from the July reading of 53.6 percent.
  • The Prices Index increased 2.2 percentage points from the July reading of 55.7 percent to 57.9 percent, indicating prices increased in August for the third consecutive month. 

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.