“The NMI registered 58.5 percent, which is 2.8 percentage points higher than the July reading of 55.7 percent,” the ISM reported on Thursday.
Key quotes
- The Non-Manufacturing Business Activity Index increased to 60.7 percent, 4.2 percentage points higher than the July reading of 56.5 percent, reflecting growth for the 109th consecutive month, at a faster rate in August.
- The New Orders Index registered 60.4 percent, 3.4 percentage points higher than the reading of 57 percent in July.
- The Employment Index increased 0.6 percentage point in August to 56.7 percent from the July reading of 56.1 percent.
- The Prices Index decreased by 0.6 percentage point from the July reading of 63.4 percent to 62.8 percent, indicating that prices increased in August for the 30th consecutive month.
Share
