- Analytics
- News and Tools
- Market News
- US ISM Services PMI improves to 51.4 in July
US ISM Services PMI improves to 51.4 in July
- ISM Services PMI climbed to 51.4 in July, returning to the expansion territory.
- US Dollar Index rebounds from the vicinty of 102.00.
The business activity in the US service sector surprised to the upside and returned to the expansion zone (above the 50 threshold) in July, according to the Institute for Supply Management (ISM). The reading came in above consensus at 51.0 and reversed June’s 48.8 print.
The Employment Index of the survey also came in above estimates at 51.1 (from 46.1), while the New Orders Index rose to 52.4 from 47.3. Finally, the Prices component, ticked higher to 57.0 in the same period.
Market reaction
The US Dollar Index managed to stage a mild rebound in the wake of the release, although it remains well south of the 103.00 support.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
