US Services PMI at 56.9%; August 2022 Services ISM Report On Business

From prnewswire.com

Economic activity in the services sector grew in August for the 27th month in a row — with the Services PMI® registering 56.9 percent — say the nation's purchasing and supply executives in the latest Services ISM® Report On Business®. The report was issued today by Anthony Nieves, CPSM, C.P.M., A.P.P., CFPM, Chair of the Institute for Supply Management® (ISM®) Services Business Survey Committee: "In August, the Services PMI® registered 56.9 percent, 0.2 percentage point higher than July's reading of 56.7 percent. The Business Activity Index registered 60.9 percent, an increase of 1 percentage point ... (full story)