US Services Sector Contracts for the Second Time in Three Months as Orders Sink, Project Stress Index Increases
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#5e43e797 ver:0.5

The US services sector contracted in June for the second time in three months, signaling an economic slowdown. The ISM services PMI dropped to 48.8%, with new orders at their lowest since December 2022. The Employment Index also contracted, suggesting softer job growth. Additionally, the Project Stress Index increased by 1.5% in June, indicating financial struggles for private offices. These trends highlight the impact of fluctuating business conditions and inflationary pressures on the US economy. #USservices #economiccontraction #jobgrowth #projectstress...

#newstr #UsServicesSector #Economy #Orders #InstituteForSupplyManagement #ProjectStressIndex #NonresidentialProjects #ProjectAbandonments 

 https://here.news/story/5e43e797?ver=0.5