Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

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
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
14 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
15 hours ago
Breaking at #NewsNow: @CUNA files amicus brief in Florida interchange case. http://t.co/gWSBjCtSD7
16 hours ago
What is the @NCUFoundation ? Watch this Foundation video: http://t.co/iC6XoInU7r
18 hours ago
Follow @cumagazine for even more #CUNAGAC live-action reports March 8-12 #creditunion #creditunions #UniteForGood
21 hours ago