Speakers from Touchstone Exploration, Shanta Gold, Savannah Resources and Kavango Resources feature in our Natural Resources webinar on May 25th. Please register here.

Less Ads, More Data, More Tools Register for FREE

ISM services PMI picks up in September

Mon, 5th Oct 2020 15:05

(Sharecast News) - Services sector activity in the US picked up last month, led by a rise in new orders.
The Institute for Supply Management's Purchasing Managers' Index improved from a reading of 56.9 for August to 57.8 in September.

Analysts had forecast a reading of 56.3.

Hiring also made a reappearance, with the corresponding sub-index rising from 47.9 to 51.8.

The pace of new orders also quickened, with a subindex linked to them increasing from 56.8 to 61.5.

Supplier deliveries meanwhile sped up, as indicated by a drop in this case in the sub-index tracking them, from 60.5 to 54.9.

Order backlogs, new export orders and prices gains meanwhile all slowed, as did imports.

More News

UPDATE 1-Soccer-Man City confirmed as Premier League champions

MANCHESTER, England, May 11 (Reuters) - Manchester City were confirmed as Premier League champions with three games to spare after second-placed Manchester United lost 2-1 at home to Leicester City on Tuesday.Pep Guardiola's City side, who missed the...

Today 20:08

LIVE MARKETS-Plunging dollar could be the real inflation spike -Natixis

* Major U.S. indexes well off lows: Nasdaq ~flat, S&P, Dow red* Energy biggest S&P sector loser; materials edge up, only gainer* Dollar, gold down slightly, crude up* U.S. 10-Year Treasury yield ~1.62%May 11 - Welcome to the home for real-time cove...

Today 19:57

IN BRIEF: Bango expands partnership with NTT Data to encompass Asia

IN BRIEF: Bango expands partnership with NTT Data to encompass Asia

Today 19:43

IN BRIEF: Standard Life UK Smaller Cos expands loan facility

IN BRIEF: Standard Life UK Smaller Cos expands loan facility

Today 19:42

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.