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
US Services Sector Contracts for the Second Time in Three Months as Orders Sink
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#5e43e797 ver:0.49
The US services sector contracted in June for the second time in three months, indicating an economic slowdown. The ISM services PMI dropped to 48.8%, with declining business activity and new orders. Stagnant or declining conditions and inflationary pressures were cited as challenges. Employment growth is expected to soften, and policymakers will closely monitor these trends for potential policy responses. #USservices #economiccontraction #inflationarypressures...
#newstr #UsServicesSector #Ism #EconomicActivity #Contraction #IsmServicesPmi
https://here.news/story/5e43e797?ver=0.49
US Services Sector Contracts for the Second Time in Three Months as Orders Sink
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#5e43e797 ver:0.48
The US services sector contracted in June for the second time in three months, indicating an economic slowdown. The Services PMI dropped to 48.8%, lower than expected, with business activity and new orders also contracting. Employment growth is expected to be softer. Inflation is easing, but some commodities have higher costs. #USservices #economiccontraction #inflation...
#newstr #UsServicesSector #Economy #Orders #InstituteForSupplyManagement
https://here.news/story/5e43e797?ver=0.48
US Services Sector Contracts in June as Orders Sink, ISM Services PMI Shows
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#5e43e797 ver:0.46
The US services sector contracted in June, with the ISM Services PMI falling to 48.8, the lowest since May 2020. Business activity, new orders, and employment all declined. This raises concerns about the strength of the economy and potential impact on the Federal Reserve's monetary policy decisions. The sharp drop in the PMI has alarmed markets and investors are bracing for potential dips in market confidence. The US economy is recalibrating to the higher rate environment, contributing to slowing demand and disinflation trends. #USservicessector #ISM #economy #FederalReserve...
#newstr #UsServicesSector #IsmServicesPmi #EconomicActivity #BusinessActivity #NewOrders #Employment #FederalReserve #EconomicGrowth
https://here.news/story/5e43e797?ver=0.46
US Manufacturing and Construction Numbers Highlight Dependency on Services
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#5e43e797 ver:0.42
US private sector activity in June exceeded estimates, with the Composite PMI rising to 54.6, the highest level since April 2022. The Services PMI also rose to 55.1, marking the strongest services sector expansion in two years. However, the June ISM manufacturing index dipped to 48.5, indicating contraction in the manufacturing sector. Construction spending also fell. These numbers highlight the US economy's dependency on consumer demand for services to maintain momentum. #USeconomy #servicessector #manufacturing #construction...
#newstr #UsPrivateSector #EconomicGrowth #Inflation #InterestRates #FederalReserve #BusinessActivity #JobCreation #UsPmiManufacturing #UsManufacturingAndConstructionNumbers #DependencyOnServices
https://here.news/story/5e43e797?ver=0.42
US Manufacturing and Construction Softness Highlights Dependency on Services
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#5e43e797 ver:0.41
US private sector activity in June exceeded estimates, with the Composite PMI rising to 54.6, the highest level since April 2022. The Services PMI also rose to 55.1, marking the strongest services sector expansion in two years. However, the June ISM manufacturing index dipped to 48.5, indicating contraction in the manufacturing sector. Construction spending also fell. The reports highlight the US economy's reliance on services for growth. #USeconomy #servicessector #manufacturing #construction...
#newstr #UsPrivateSectorActivity #EconomicGrowth #Inflation #InterestRates #FederalReserve #BusinessActivity #JobCreation #UsPmiManufacturing #UsManufacturing #Construction #IsmIndex #ConsumerDemand #Services
https://here.news/story/5e43e797?ver=0.41
US Private Sector Activity Exceeds Estimates, Fed Likely to Maintain High-For-Longer Rate Stance
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#5e43e797 ver:0.4
US private sector activity exceeded estimates in June, with the Composite PMI rising to 54.6, the highest level since April 2022. The Services PMI also rose to 55.1, marking the strongest expansion in two years. However, private payrolls growth slowed, raising concerns about the labor market. The Federal Reserve is expected to maintain high interest rates. The rebound in the services sector is positive, but the mixed economic picture requires monitoring for impact on growth and monetary policy decisions. The US economy shows signs of improvement, but growth momentum remains weak. #USPrivateSector #EconomicGrowth #FederalReserve...
#newstr #UsPrivateSectorActivity #EconomicGrowth #Inflation #InterestRates #FederalReserve #BusinessActivity #JobCreation #UsPmiManufacturing #Manufacturing #Economy #Business #S&pGlobalMarketIntelligence
https://here.news/story/5e43e797?ver=0.4
US Private Sector Activity Exceeds Estimates, Fed Likely to Maintain High-For-Longer Rate Stance
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#5e43e797 ver:0.39
US private sector activity exceeded estimates in June, with the Composite PMI rising to 54.6, the highest level since April 2022. The Services PMI also rose to 55.1, the strongest expansion in two years. However, private payrolls growth slowed, raising concerns about the labor market. The Federal Reserve is expected to maintain a high-for-longer rate stance. The rebound in the services sector is positive, but it's important to monitor trends for economic growth and Fed decisions. The US economy shows signs of improvement, but with potential growth slowdown. #USPrivateSector #PMI #Fed #Economy...
#newstr #UsPrivateSector #EconomicGrowth #Inflation #InterestRates #FederalReserve #BusinessActivity #JobCreation
https://here.news/story/5e43e797?ver=0.39
US Services Sector Rebounds While Private Payrolls Growth Slows
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#5e43e797 ver:0.36
US services sector rebounds in May, with business activity improving the most in 3 years. However, private payrolls growth slows, with the fewest jobs added since January. Mixed picture of economy with potential growth slowdown. #USservices #jobcreation #economicgrowth #FederalReserve...
#newstr #UsServicesSector #PrivatePayrollsGrowth #FederalReserve #Economy #InterestRates
https://here.news/story/5e43e797?ver=0.36
US Private Sector Hiring Slows in May, ADP Data Shows
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#5e43e797 ver:0.35
US private sector hiring slowed in May, but job growth remained higher than expected. Sectors like leisure/hospitality and construction contributed to the increase. The strong job market supports consumer spending, while wage growth slows. The Federal Reserve is likely to maintain steady interest rates. The positive labor market performance may impact the financial markets, particularly the EUR/USD currency pair. The ADP Employment Report is a precursor to the government's monthly employment report, influencing monetary policy decisions. Small business hiring growth reflects confidence in the economy. The American job market has seen strong growth, with possible reasons including COVID recovery and federal spending. However, hiring at US companies grew at the slowest pace since the start of the year in May [bda93e47] [27ca69b3] [89d7986e] [8337d0bb] [ba949266] [a02ca76e] [e8d38c7f] [7340128a] [b12fe6d7]....
#newstr #UsPrivateSectorJobGrowth #AdpData #LaborMarket #Manufacturing #JobGains #InterestRateCuts
https://here.news/story/5e43e797?ver=0.35
Factors Contributing to the Increase in US Jobs
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#5e43e797 ver:0.32
US job market sees significant boost in March with 303,000 jobs added, driven by government hiring. Concerns arise as government becomes primary engine for hiring, but experts expect this trend to continue throughout 2024. Positive labor market performance impacts financial markets, particularly the EUR/USD currency pair. Federal Reserve's cautious stance on rate adjustments remains a key factor to watch. Small business hiring growth aligns with overall increase in private-sector jobs, reflecting confidence in the economy. Strong job growth attributed to COVID recovery, fiscal stimulus, infrastructure bills, and reduction in trade balance. Part-time jobs increasing, but job market expected to remain strong for a healthy economy. #jobs #economy #governmenthiring #financialmarkets #FederalReserve #smallbusiness #economicrecovery...
#newstr #UsJobMarket #GovernmentHiring #PublicSectorJobs #PrivateSectorJobs #EconomicRecovery #CovidRecovery #LaborForceParticipationRate #FederalSpending #InternationalTradeBalance #Immigration
https://here.news/story/5e43e797?ver=0.32
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