🇺🇸 JUL. ISM NON-MANUFACTURING PMI 64.1, EST. 60.6

ISM:

• ISM’s Business Activity Index registered 67 percent

• ISM’s New Orders Index registered 63.7 percent

• ISM’s Services Employment Index registered 53.8 percent

• The Supplier Deliveries Index registered 72 percent, which is 3.5 percentage points higher than the 68.5 percent reported in June

• The Inventories Index contracted in July for the second consecutive month. The reading of 49.2 percent was a 0.7-percentage point decrease from the 49.9 percent reported in June

• Prices paid by service organizations for materials and services increased in July, with the index registering 82.3 percent, 2.8 percentage points higher than June’s reading of 79.5 percent

• The ISM Services Backlog of Orders Index registered 63.5 percent

• The New Export Orders Index registered 65.8 percent

• The Imports Index grew at a slower rate in July, as it registered 51.6 percent

• The ISM Services Inventory Sentiment Index registered 40.3 percent