Economic activity in the services sector grew in August for the third consecutive month, say the nation's purchasing and supply executives in the latest ISM® Services PMI® Report. The Services PMI® indicated expansion at 52 percent, above the 50-percent breakeven point for the 13th time in the last 14 months. The report was issued today by Steve Miller, CPSM, CSCP, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In August, the Services PMI® registered 52 percent, 1.9 percentage points higher than the July figure of 50.1 percent and in expansion territory for the third month ... (full story)

Economic activity in the United States' service sector expanded in August, with the Services Purchasing Managers' Index (PMI) rising to 52% from July's 50.1%, remaining above the 50% breakeven point for the third month in a row, the Institute for Supply Management (ISM) said in its report published on Thursday. The Business Activity Index advanced by 2.4 percentage points compared to the previous month to 55%, while the New Orders Index jumped 5.7 percentage points to 56%. The Employment Index stayed in contraction territory for the third consecutive month, inching up 0.1 percentage point to 46.5%. Meanwhile, the ... (full story)