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US Services Activity Beats Forecasts as ISM PMI Jumps to 55.4
US services activity strengthened more than expected in August, with the ISM Services PMI rising to 55.4 from 54.1 in July, comfortably above the 54.2 market forecast. The reading signals a faster pace of expansion across the sector that accounts for the largest share of US economic activity.…
Why it matters: Stronger services activity reduces evidence of an abrupt US economic slowdown and can reinforce expectations that the Federal Reserve has room to keep monetary policy restrictive. That can support Treasury yields and the Dollar, particularly if underlying inflation components remain elevated.
https://researchpips.com/market-feed/us-services-activity-beats-forecasts-as-ism-pmi-jumps-to-55-4/
ResearchPips
US Services Activity Beats Forecasts as ISM PMI Jumps to 55.4 – ResearchPips
US services activity strengthened more than expected in August, with the ISM Services PMI rising to 55.4 from 54.1 in July, comfortably above the 54.2 market forecast. The reading signals a faster pace of expansion…
September 3, 2026 3.2K
