ISM Services Index increased to 58.1% in July, Employment Index Declined

The July ISM Services index was at 58.1%, up from 57.1% in June. The employment index decreased to 42.1%, from 43.1%. Note: Above 50 indicates expansion, below 50 contraction. From the Institute for Supply Management: July 2020 Services ISM Report On Business® July 2020 Services ISM® Report On Business®; Business Activity Index at 67.2%; New Orders Index at 67.7%; Employment Index at 42.1% ; Supplier Deliveries Index at 55.2% Economic activity in the Services sector (formally non-manufacturing sector) grew in July for the second month in a row, say the nation's purchasing and supply......(read more)

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