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US – Jul ISM Services Index
04/08/2022 09:21 am MYT
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In Jul, the ISM Services PMI rose 1.4 ppts from Jun to 56.7%. The index was above 50% for the 26th consecutive month, indicating that the services sector is still expanding (figure 1).


The small increase in service activity was mainly due to expansion in business activity and new orders (table 1). Employment has declined for the fourth time in a row. Prices paid for raw materials stood at 72.3% in Jul, the first time since Sep 2021 that the price index has fallen below 80% and the largest month-on-month decline since May 2017.





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