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US August Service PMI Backs Off From July All-Time High

US DATA
(MNI) LONDON

MNI: US AUG ISM SERVICES PMI 61.7 VS 64.1 JUL

US ISM SERVICES PRICES 75.4 AUG VS 82.3 JUL

US ISM SERVICES EMPLOYMENT INDEX 53.7 AUG VS 53.8 JUL N

US ISM SERVICES BUSINESS INDEX 60.1 AUG VS 67.0 JUL

US ISM SERVICES NEW ORDERS 63.2 AUG VS 63.7 JUL

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  • The ISM Services PMI fell to 61.7 in August, backing off from the record high of 64.1 in Jul, but largely in line with market expectations (BBG: 61.7)
  • Employment was little changed, down just 0.1, while Prices fell sharply, down 6.9 points from admittedly elevated levels.
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com

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