Reported about 1 month ago
The US services sector continued to expand at a modest pace for a second consecutive month in August, with the Institute for Supply Management reporting a slight decrease in its services index to 51.5. Despite showing growth, employment figures stagnated, and a significant drop in order backlogs raises concerns over potential adjustments in staffing. Various sectors reported mixed performance, with some like entertainment and transportation seeing growth, while retail and construction sectors struggled due to high costs and declining demand.
Source: YAHOO