Reported 2 months ago
In July, the US services sector expanded modestly after a significant contraction in June, indicating resilience in the economy despite concerns about job growth and manufacturing. The ISM services index rose to 51.4, suggesting that employment and business activity are on the upswing. While the manufacturing sector remains weak, the rebound in the services index provides a cautiously optimistic outlook amidst looming recession fears.
Source: YAHOO