Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

Market
U.S. Service Industries Gain At Fastest Pace In 5 Months
WASHINGTON (8/6/13)--Signaling improvement in the world's largest economy after three quarters of slowdowns, U.S. service industries expanded in July at the fastest pace in five months, according to the Institute for Supply Management (ISM).
 
ISM's non-manufacturing index rose to 56 from a more-than-three-year low of 53.2 in June, Tempe, Ariz.-based ISM said in a report released Monday (Bloomberg.com and Moody's Economy.com Aug. 5).
 
July's number suggests moderate growth in service industries, which is mostly what has been seen primarily on the spending and hiring sides, Julia Coronado, chief economist for North America at BNP Paribas in New York, told Bloomberg.   
 
The second half of the year should be even stronger, she added.
 
The index has averaged 53.7 since the end of the recession in June 2009, Bloomberg said.
RSS print
News Now LiveWire
Servicemember's spouse drives away with Bank on More's SUV thanks to #missouri #creditunions http://t.co/WvTrKxh0sV
56 minutes ago
From @FHFA this a.m.: U.S. house prices up 0.5% in Aug. on seasonally adjusted basis from previous month. More here: http://t.co/1yVDOPggeX
1 hours ago
@TheNCUA open meeting is slated to start at 10 a.m. ET. Should be a quick one. #NewsNow http://t.co/rfYjnat7eI
2 hours ago
Mass. CUs in unanimous vote joined RI and NH CUs in approving merger of the 3 state leagues 2 form the Cooperative Credit Union Association.
2 hours ago
.@RepDennyHeck to @NWCUA Amplify conference audience: "More often than not, CUs are part of the solution"
21 hours ago