New data ISM Services New Orders (Aug)
9/5/2024
actual 53, previous 52.4
The ISM Services New Orders report for August is an economic indicator that measures the level of new orders placed with businesses in the services sector in the United States. In this report, the actual value came in at 53, which was higher than the previous month's value of 52.4. The estimate for this month was 51.9, so the actual value beat expectations, showing a positive sign for the services sector. This data suggests an increase in new orders, which can be an indication of growing business activity and economic expansion. The impact of this report is considered low, but it still provides valuable insights into the health of the services industry in the US.This is not investment advice. Remember to verify the information provided here.
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