Ultima Markets: 【 Market hotspot 】 United States8monthISMService industry index outperforms market...

Issued by the American Association for Supply Management8monthISMThe service industry index shows a recovery in business activity. The index is based on market expectations52.5Unexpectedly rising to54.5, higher than7Of52.7And come to6The peak of months. From the analysis of service industry portfolio,ISMNon manufacturing survey18Up to13There is growth in each.

The catering and accommodation, real estate leasing, construction, retail, transportation, and warehousing industries have shown a steady expansion of new order demand and recruitment intention. The service industry data exceeded expectations, driving bond yields to continue to rise, further suppressing the stock market, and all three major US stock indices ended lower.  

ISMNon manufacturing(Service industry)Index Profile  

ISMThe Non Manufacturing Index is a comprehensive indicator that tracks non manufacturing activities such as employment trends, prices, and new orders. Exponential50As a critical point, if the index is located at50This indicates that the economy of this month remains unchanged compared to the previous month; If the index remains at50Above the level, it indicates an expansion of non manufacturing activities and an increase in prices, indicating that the overall economy is in an expanding state. On the contrary, when the index is below50When it is horizontal, it means that the overall economy is in a state of contraction.  

(Service Industry IndexPMISupply Management Association of AmericaISM)

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