ISM non-manufacturing index fell to 55.5 in JulyStaff Writer | August 4, 2016
The Institute for Supply Management (ISM) said its non-manufacturing index decreased to 55.5 in July from 56.5 in June.
American economy The details of the report were uneven
The details of the report were uneven. The business-activity index fell slightly to 59.3 in July from 59.5 the prior month.
The new-orders index was 60.3, inching up from 59.9 in June. The employment index moved lower in July, 51.4 compared with 52.7 in June.
Still, growth was broadly shared in July. A total of 15 non-manufacturing industries tracked by ISM reported growth last month, while just three sectors reported contraction. ■