国产精品99一区二区三_免费中文日韩_国产在线精品一区二区_日本成人手机在线

U.S. service sector growth in July hits three-year low

Source: Xinhua| 2019-08-06 02:15:19|Editor: ZX
Video PlayerClose

WASHINGTON, Aug. 5 (Xinhua) -- The U.S. non-manufacturing sector in July expanded at the slowest pace in nearly three years, the Institute for Supply Management (ISM) said Monday.

The non-manufacturing index (NMI), which gauges the performance of the services sector, was 53.7 percent in July, down 1.4 percentage points from the June reading, according to the latest Non-Manufacturing ISM Report on Business. The May reading was 56.9 percent.

This is the index's lowest reading since August 2016, when it registered 51.8 percent, said Anthony Nieves, chair of ISM's non-manufacturing business survey committee, noting that the non-manufacturing sector's rate of growth "continued to cool off."

"Respondents indicated ongoing concerns related to tariffs and employment resources. Comments remained mixed about business conditions and the overall economy," Nieves said.

Nieves said 13 non-manufacturing industries reported growth, while five industries reported a decrease: arts, entertainment & recreation; agriculture, forestry, fishing & hunting; retail trade; wholesale trade; and educational services.

"The past relationship between the NMI and the overall economy indicates that the NMI for July corresponds to a 1.8-percent increase in real gross domestic product (GDP) on an annualized basis," Nieves said.

The July index indicated continued growth in the non-manufacturing sector for the 114th consecutive month, the report said. A reading above 50 percent indicates that the non-manufacturing sector economy is generally expanding.

According to data released by the ISM last week, the July purchasing managers' index (PMI), which gauges the performance of the manufacturing sector, registered 51.2 percent, down by 0.5 percentage point from the June reading.

Founded in 1915, the ISM serves supply management professionals in more than 90 countries and regions, boasting 50,000 members around the world.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001382860731
主站蜘蛛池模板: 和田市| 旺苍县| 子洲县| 兖州市| 湘潭市| 巴中市| 广河县| 缙云县| 怀来县| 清水河县| 肥城市| 藁城市| 老河口市| 永康市| 钟祥市| 东乌珠穆沁旗| 贵定县| 大田县| 商城县| 江源县| 台州市| 昌吉市| 巴林右旗| 三江| 奇台县| 泰安市| 塘沽区| 青浦区| 灯塔市| 长沙市| 桦南县| 卢湾区| 怀集县| 岳阳县| 延川县| 陇川县| 定西市| 巫溪县| 英山县| 凤城市| 炉霍县|